Salary & Cost of Living in Davenport, IA
Davenport, IA: $52,000 median salary, cost of living index 85, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$52,000
$25/hr
Cost of Living
85
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3.5%
rate
Davenport, IA Overview
Population
101,724
Median Salary
$52,000
Average Salary
$57,500
Avg Commute
20 min
Median Home Price
$155,000
Median Rent
$850/mo
Job Growth
+1%
Sales Tax
7%
Davenport is located in Iowa with a population of 101,724. The median household salary is $52,000 per year ($25/hour), which is $7,384 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1%.
Davenport Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Davenport, IA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$41,845
$3,487.04/month · $1,609.40/biweekly · Effective Rate: 19.5%
Gross Pay
$52,000
Federal Tax
-$4,202
State Tax
-$1,976
Local Tax
$0
FICA
-$3,978
Net Pay
$41,845
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,333.33 | $52,000.00 |
| Federal Income Tax | -$350.13 | -$4,201.50 |
| Iowa State Tax (3.8%) | -$164.67 | -$1,976.00 |
| Social Security (6.2%) | -$268.67 | -$3,224.00 |
| Medicare (1.45%) | -$62.83 | -$754.00 |
| Net Take-Home Pay | $3,487.04 | $41,844.50 |
Salary Comparison: Davenport vs Other Cities
See how Davenport's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Davenport, IA | $52,000 | 85 | $61,176 |
| National Average | $59,384 | 100 | $59,384 |
| Auburn, AL | $52,000 | 90 | $57,778 |
| Bakersfield, CA | $52,000 | 96 | $54,167 |
| Fontana, CA | $52,000 | 102 | $50,980 |
| Oxnard, CA | $52,000 | 118 | $44,068 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Davenport
Davenport's cost of living index is 85 (national average = 100). Living in Davenport is 15% less expensive than the national average.
Median Home Price
$155,000
Median Monthly Rent
$850
Annual Rent Cost
$10,200
Your Salary's Purchasing Power
Your $41,845 annual take-home pay in Davenport has the purchasing power of approximately $49,229 in an average-cost US area. Your $52,000 salary stretches further here than in most US cities.
Top Industries in Davenport
Davenport's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $52,000.
Salary Tips for Davenport Workers
- Your salary goes further here. Davenport has a cost of living 15% below the national average. A salary of $52,000 here has the purchasing power of about $61,176 in an average-cost area.
- Research top industries. Davenport's top industries include Manufacturing, Healthcare, Logistics. Targeting roles in these sectors can help you earn above the $52,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Davenport, IA?
The median salary in Davenport, IA is $52,000 per year, or $25 per hour. The average salary is $57,500. This is $7,384 below the national median of $59,384.
What is the cost of living in Davenport, IA?
Davenport's cost of living index is 85 (national average = 100), meaning it is 15% less expensive compared to the national average. The median home price is $155,000 and the median monthly rent is $850.
What are the best industries in Davenport?
The top industries in Davenport, IA include Manufacturing, Healthcare, Logistics. The city has a job growth rate of 1% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $52,000.
How does Davenport's salary compare to other cities?
Davenport's median salary of $52,000 is 12.4% below the national median of $59,384. However, when adjusted for cost of living (index: 85), the real purchasing power is approximately $61,176.
What is the minimum wage in Davenport, IA?
The minimum wage in Davenport, IA is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.