Can An Accountant Afford Rent in Waterloo, IA?
Comfortably affordable — rent takes 12.9% of gross income.
Waterloo rent: June 2026. Salary: BLS OEWS May 2024 (Iowa state estimate).
About rent and an accountant salary
Accountant pay covers comfortable rent in nearly every US city. The cost-of-living premium that high-cost metros add to rent is offset, in most cases, by higher local accountant pay — but not entirely. At the national-average accountant salary, the 30% rule supports about $2,270 a month in rent, which is above the median rent in most metros tracked here. The per-city pages quantify the surplus or pinch in each market.
Cheaper rent nearby
These Iowa cities have lower median rent than Waterloo, which improves the affordability math on an accountant salary:
Compare with full rent data for Waterloo
View full rent data for Waterloo, IA →Frequently asked questions
Can an accountant afford rent in Waterloo, IA?
Median rent in Waterloo is $898 a month. A typical accountant in Iowa earns about $83,518 a year, which makes that rent 12.9% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can an accountant afford in Waterloo?
Using the 30% rule, an accountant salary in Iowa (~$83,518/yr) supports up to $2,088 a month in rent. Waterloo's current median rent is $898/mo, which leaves a $1,190/mo buffer.
How many hours does an accountant work to cover rent in Waterloo?
At an hourly equivalent of about $40 an hour, an accountant in Iowa works roughly 22.4 hours a month to cover Waterloo's median rent of $898.
Where is rent cheaper than Waterloo for an accountant?
Nearby Iowa cities with lower median rent include Cedar Rapids ($897/mo), Marshalltown ($893/mo), Newton ($887/mo). Each shifts the affordability math materially on an accountant salary.