Davenport, IA at a glance
Median household income
$66,200$5,517 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Davenport, IA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Davenport, IA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Davenport-Moline-Rock Island, IA-IL MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $817 | $9,804 | $32,680 | 14.8% |
| 1-Bedroom Apartment | $928 | $11,136 | $37,120 | 16.8% |
| 2-Bedroom ApartmentBenchmark | $1,143 | $13,716 | $45,720 | 20.7% |
| 3-Bedroom Home | $1,498 | $17,976 | $59,920 | 27.2% |
| 4-Bedroom Home | $1,819 | $21,828 | $72,760 | 33% |
What a typical income covers in Davenport, IA
The 50/30/20 rule applied to the local median of $66,200 a year ($5,517 a month before tax).
What $66,200 leaves after Iowa taxes
Federal income tax, Social Security, Medicare and Iowa tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Iowa
Living in Davenport, IA: common questions
What is the median household income in Davenport, IA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Davenport, IA is $66,200 per year (approximately $5,517 per month).
What is the average rent in Davenport, IA?
The closest official figure is HUD's Fair Market Rent for 2026: $817 for a studio, $928 for one bedroom, $1,143 for two, $1,498 for three and $1,819 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Davenport, IA expensive to live in?
Prices there run 10.9% below the U.S. average. BEA's regional price parity for the metro area is 89.1, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Davenport, IA?
To keep a $1,143 two-bedroom under 30% of gross income, a household needs about $45,720 a year, or $3,810 a month. That is 69% of what the typical household in Davenport, IA earns.
How much do you need to live comfortably in Davenport, IA?
On the local median income of $66,200 ($5,517 a month before tax), the 50/30/20 rule leaves $2,758 a month for needs like rent, utilities and groceries, $1,655 for everything else and $1,103 for savings or debt. A two-bedroom at $1,143 takes 41% of the needs share.
How much is the electric bill in Davenport, IA?
Homes in Iowa paid 15.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $143. Your bill depends mostly on heating and cooling.