Can A Real Estate Agent Afford Rent in Newton, IA?
Comfortably affordable — rent takes 19.7% of gross income.
Newton rent: July 2026. Salary: BLS OEWS May 2024 (Iowa state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Iowa cities have lower median rent than Newton, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Newton
View full rent data for Newton, IA →Frequently asked questions
Can a real estate agent afford rent in Newton, IA?
Median rent in Newton is $992 a month. A typical real estate agent in Iowa earns about $60,334 a year, which makes that rent 19.7% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a real estate agent afford in Newton?
Using the 30% rule, a real estate agent salary in Iowa (~$60,334/yr) supports up to $1,508 a month in rent. Newton's current median rent is $992/mo, which leaves a $516/mo buffer.
How many hours does a real estate agent work to cover rent in Newton?
At an hourly equivalent of about $29 an hour, a real estate agent in Iowa works roughly 34.2 hours a month to cover Newton's median rent of $992.
Where is rent cheaper than Newton for a real estate agent?
Nearby Iowa cities with lower median rent include Burlington ($991/mo), Knoxville ($987/mo), Burlington ($983/mo). Each shifts the affordability math materially on a real estate agent salary.