Key Economic Benchmarks
Median Household Income
$68,906$5,742 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Sioux City, IA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Sioux City, IA
Official FY2026 HUD Fair Market Rents for Sioux City, IA-NE-SD MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $796 | $9,552 | $31,840 | 13.9% |
| 1-Bedroom Apartment | $925 | $11,100 | $37,000 | 16.1% |
| 2-Bedroom ApartmentBenchmark | $1,154 | $13,848 | $46,160 | 20.1% |
| 3-Bedroom Home | $1,386 | $16,632 | $55,440 | 24.1% |
| 4-Bedroom Home | $1,528 | $18,336 | $61,120 | 26.6% |
50/30/20 Living Budget in Sioux City, IA
Based on the local median household income of $68,906/year ($5,742/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Iowa
Explore net income after federal income tax, FICA, and Iowa state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Iowa with official federal datasets:
Frequently Asked Questions About Living in Sioux City, IA
What is the median household income in Sioux City, IA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Sioux City, IA is $68,906 per year (approximately $5,742 per month).
What is the average rent in Sioux City, IA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Sioux City, IA are $796 for a studio, $925 for 1 bedroom, $1,154 for 2 bedrooms, $1,386 for 3 bedrooms, and $1,528 for 4 bedrooms.
How does the cost of living in Sioux City, IA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Sioux City, IA is 86.5 (13.5% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Sioux City, IA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,154/month) in Sioux City, IA requires a minimum gross household income of $46,160 per year ($3,847 per month).
What is a balanced 50/30/20 monthly budget in Sioux City, IA?
For a typical household earning the median income of $68,906/year ($5,742/month) in Sioux City, IA, a balanced 50/30/20 budget allocates $2,871/month to essential needs (rent, utilities, groceries), $1,723/month to discretionary spending, and $1,148/month to savings and debt repayment.
What are typical electricity and utility costs in Sioux City, IA?
Residential electricity rates in Iowa average 15.9¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $143 per month.