Quick facts: Davenport, IA

Quick Facts

95.3
Cost of Living
below US average
100,486
Population
41.77
Crime Rate per 1000
above US average
$59,890
Median Income
below US average
$105,000
Median House Price
above US average
$1001.5
Average Rent
below US average
11%
Poverty Rate
above US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $59,890.

🏠

Income Needed to Buy

βœ“ Affordable
$33k/year
Based on $105,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($59,890) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1001.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($59,890) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Davenport, IA

Davenport, Iowa, is a vibrant city located along the Mississippi River and is one of the Quad Cities, which also includes Bettendorf, Moline, and Rock Island. With a population of approximately 100,000 residents, Davenport is known for its rich history, diverse culture, and robust economy. The city boasts a mix of modern amenities and historical charm, featuring numerous parks, museums, and the beautiful Riverfront. Davenport is home to several notable attractions, including the Figge Art Museum, which showcases a vast collection of American art, and the River Music Experience, highlighting the city's musical heritage. Outdoor enthusiasts can enjoy the extensive bike trails and the scenic riverside parklands. The city also has a thriving local economy supported by various industries, including healthcare, education, and manufacturing. Notable institutions like St. Ambrose University contribute to the educational landscape, fostering a strong sense of community and innovation. In addition to its cultural and economic offerings, Davenport hosts numerous annual events and festivals, making it a lively place to live and visit. With its unique blend of urban and natural environments, Davenport is a charming Midwestern city with much to offer.

πŸ” Search & Compare Places

First Location πŸ“