Is $55k a Good Salary in Iowa?

A $55k annual salary in Iowa takes home $3,680/month after federal tax, FICA, and Iowa state income tax. With average 1BR rent at $900/month, you're left with $2,780/month for everything else.

Verdict
Comfortable

A $55,000 salary gives you solid financial breathing room in Iowa. After taxes and a typical 1BR rent, you have meaningful money left for savings, food, transport, and discretionary spending.

Monthly Take-Home
$3,680
Avg 1BR Rent (Des Moines)
$900
After Rent
$2,780
Rent % of Take-Home
24%

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Verdict
monthly take-home
after rent ($900/mo)
net hourly

Federal Income Tax
FICA (SS + Medicare)
Iowa State Tax
Net Annual
See full after-tax breakdown for Iowa →

$55k Salary After Tax in Iowa

ItemAmount
Gross Annual$55,000
Federal Income Tax−$4,420
FICA (SS + Medicare)−$4,208
Iowa State Income Tax−$2,217
Net Annual Take-Home$44,155
Net Monthly$3,680
Net Hourly$21/hr
Effective Tax Rate19.7%

Sample Monthly Budget — $55k in Iowa

Here's how a $55k take-home of $3,680/month might realistically break down in Iowa:

CategoryMonthly% of Take-Home
🏠 Rent (1BR) $900 24%
🛒 Food & Groceries $442 12%
🚗 Transport $368 10%
💡 Utilities $135 4%
🎯 Other / Discretionary $300 8%
💰 Savings (estimated) $1,535 42%

Note: Budget estimates are illustrative. Actual costs vary by city, lifestyle, and household size.

Cost of Living in Iowa

Overall COL Low
  • Average 1BR rent in Des Moines: $900/month
  • Rent as % of your take-home: 24% (healthy)
  • Minimum comfortable annual net for Iowa: $32,000
  • Your net annual take-home: $44,155
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Is $55k Good in Other States?

Other Salaries in Iowa

→ See $55k take-home ranked across all 50 states