Davenport, IA

Very Low · 62

Iowa · Population 101,083 · Updated March 2026

$930
Median Rent / Month
$64,497
Median Income
$162,900
Median Home Value
$989
Owner Costs / Month

Affordability

How far your income goes in Davenport

17.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Iowa

State-level tax rates that affect your costs

5.7%
Income Tax (Top Rate)
6.0%
Sales Tax
1.57%
Property Tax Rate

Estimated Annual Costs

$11,160
Annual Rent
$3,676
State Income Tax
$2,558
Property Tax (est.)

Cost of Living Overview

Davenport is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Davenport residents can expect to pay median rent of $930/month while earning a median household income of $64,497/year.

The median home value in Davenport, IA is $162,900, with typical monthly owner costs around $989 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Iowa has a moderate income tax rate of 5.7%. Combined with a 6.0% sales tax rate and 1.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Davenport.

Frequently Asked Questions

Common questions about living costs in Davenport

What is the cost of living in Davenport, IA?
The cost of living index in Davenport, IA is 62 (US average = 100). Median monthly rent is $930, median household income is $64,497/year, and the median home value is $162,900.
Is Davenport, IA affordable?
Yes, Davenport is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 17.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Davenport, IA?
The median gross rent in Davenport, IA is $930 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,160.
What is the median household income in Davenport?
The median household income in Davenport, IA is $64,497 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Iowa?
Iowa has a top income tax rate of 5.7%, a sales tax of 6.0%, and an effective property tax rate of 1.57%.