Can A Financial Analyst Afford Rent in Cedar Rapids, IA?

Comfortably affordable — rent takes 16.3% of gross income.

Cedar Rapids rent: June 2026. Salary: BLS OEWS May 2024 (Iowa state estimate).

Cedar Rapids median rent
$1,288/mo
Financial Analyst salary (Iowa)
$95,073/yr
Rent as % of income
16.3%
Gross monthly income works out to about $7,923, and the 30% rule supports up to $2,377/mo in rent. Cedar Rapids's median rent of $1,288 leaves roughly $1,089/mo of headroom under that threshold. A financial analyst works roughly 28.2 hours a month to cover that rent.

About rent and a financial analyst salary

Financial analyst pay covers comfortable rent in most US cities. At the national-average financial-analyst salary, the 30% rule supports about $2,584 a month in rent, which is above the median in nearly every metro tracked here.

Cheaper rent nearby

These Iowa cities have lower median rent than Cedar Rapids, which improves the affordability math on a financial analyst salary:

Norwalk, IA
$1,282/mo (16.2% of income)
Bettendorf, IA
$1,280/mo (16.2% of income)
Bettendorf, IA
$1,279/mo (16.1% of income)

Compare with full rent data for Cedar Rapids

View full rent data for Cedar Rapids, IA

Frequently asked questions

Can a financial analyst afford rent in Cedar Rapids, IA?

Median rent in Cedar Rapids is $1,288 a month. A typical financial analyst in Iowa earns about $95,073 a year, which makes that rent 16.3% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Cedar Rapids?

Using the 30% rule, a financial analyst salary in Iowa (~$95,073/yr) supports up to $2,377 a month in rent. Cedar Rapids's current median rent is $1,288/mo, which leaves a $1,089/mo buffer.

How many hours does a financial analyst work to cover rent in Cedar Rapids?

At an hourly equivalent of about $46 an hour, a financial analyst in Iowa works roughly 28.2 hours a month to cover Cedar Rapids's median rent of $1,288.

Where is rent cheaper than Cedar Rapids for a financial analyst?

Nearby Iowa cities with lower median rent include Norwalk ($1,282/mo), Bettendorf ($1,280/mo), Bettendorf ($1,279/mo). Each shifts the affordability math materially on a financial analyst salary.

Methodology: Salary uses the BLS-derived Iowa state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Cedar Rapids, IA. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.