IA · Rank 15 of 50 affordable
Can teachers afford to live in Iowa?
Tight, but workable.
The average Iowa teacher earns $60,078 per year. A typical 2-bedroom rents for about $1,530/mo, which is 31% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$60,078
Cost-of-Living Index
90
US avg = 100
Affordability Score
48/100
Renting in Iowa
2BR Rent / mo
$1,530
Annual Rent
$18,360
% of Salary
31%
Left after rent
$3,477/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Iowa
Median Home Price
$378,000
10% Down
$37,800
P&I (7%, 30yr)
$2,263/mo
Full PITI
$2,720/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.