How much rent can you afford in Marshalltown, IA?
Run your salary against Marshalltown's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Marshalltown
At a median rent of $930/mo, Marshalltown is very affordable when measured against Marshalltown median household income of $69,068/yr. Rent would consume roughly 16% of pre-tax income, and a salary of about $37,200 keeps rent at the recommended 30% threshold.
How Marshalltown compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Marshalltown?
On a $69,068 salary (the Marshalltown median household income), the recommended ceiling is 30% of pre-tax income, or about $1,727/mo. Marshalltown's median rent is $930/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Marshalltown?
To keep Marshalltown's $930/mo median rent under 30% of income, you'd need about $37,200/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Marshalltown affordable on the median Iowa income?
Marshalltown is very affordable on a $69,068 income. Rent would take 16% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".