Can A Financial Analyst Afford Rent in Grimes, IA?

Comfortably affordable — rent takes 18.1% of gross income.

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

Grimes median rent
$1,435/mo
Financial Analyst salary (Iowa)
$95,073/yr
Rent as % of income
18.1%
Gross monthly income works out to about $7,923, and the 30% rule supports up to $2,377/mo in rent. Grimes's median rent of $1,435 leaves roughly $942/mo of headroom under that threshold. A financial analyst works roughly 31.4 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 Grimes, which improves the affordability math on a financial analyst salary:

Johnston, IA
$1,432/mo (18.1% of income)
Johnston, IA
$1,430/mo (18% of income)
North Liberty, IA
$1,430/mo (18% of income)

Compare with full rent data for Grimes

View full rent data for Grimes, IA

Frequently asked questions

Can a financial analyst afford rent in Grimes, IA?

Median rent in Grimes is $1,435 a month. A typical financial analyst in Iowa earns about $95,073 a year, which makes that rent 18.1% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a financial analyst afford in Grimes?

Using the 30% rule, a financial analyst salary in Iowa (~$95,073/yr) supports up to $2,377 a month in rent. Grimes's current median rent is $1,435/mo, which leaves a $942/mo buffer.

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

At an hourly equivalent of about $46 an hour, a financial analyst in Iowa works roughly 31.4 hours a month to cover Grimes's median rent of $1,435.

Where is rent cheaper than Grimes for a financial analyst?

Nearby Iowa cities with lower median rent include Johnston ($1,432/mo), Johnston ($1,430/mo), North Liberty ($1,430/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 Grimes, IA. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.