Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in Des Moines, and compare it to the local minimum wage and MIT living wage for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Des Moines minimum wage: $7.25/hour | Living wage: $19.50/hour
Median household income in Des Moines is about $62,000. The applicable minimum wage is $7.25/hour, and the MIT living wage for a single adult is about $19.50/hour. Use the comparisons below to see where a given salary lands.
| Pay Benchmark (Des Moines) | Hourly | Annual (full-time) |
|---|---|---|
| Applicable minimum wage | $7.25 | $15,080 |
| MIT living wage (single adult) | $19.50 | $40,560 |
| Median household income | $29.81 | $62,000 |
| Standard full-time hours | - | 2,080 hours/year |
Des Moines is the capital and largest city in Iowa and a national insurance and financial-services capital, home to major insurers and asset managers, along with agribusiness, healthcare, and a growing technology and data-center base.
| Local Metric | Des Moines (2026 estimate) |
|---|---|
| Metro population | 210,000 |
| County / jurisdiction | Polk County |
| Cost of living index (US avg = 100) | 91 |
| MIT living wage, single adult | $19.50/hour |
| MIT living wage, one earner supporting a family of four | $39.50/hour |
| Applicable minimum wage | $7.25/hour |
| Average rent, 1-bedroom | $1,050/month |
| Average rent, 2-bedroom | $1,300/month |
| Median home price | $220,000 |
| Median household income | $62,000/year |
| Combined sales tax rate | 7% |
| Effective property tax rate | 1.5% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your annual salary by your total work hours per year (40 hours/week times 52 weeks is 2,080 hours). For example, a $62,000 salary in Des Moines is about $29.81/hour at full time.
Median household income in Des Moines is around $62,000. Because the cost-of-living index is 91 (US average = 100) and average 1-bedroom rent is $1,050/month, what counts as comfortable depends heavily on housing costs.
The applicable minimum wage in Des Moines is $7.25/hour, which is about $15,080/year at full time. Iowa sets its minimum wage at the federal level and prevents cities and counties from setting their own, so the federal minimum of $7.25/hour applies to most private employers in Des Moines.
The MIT Living Wage Calculator estimates a single adult in Polk County needs about $19.50/hour, roughly $40,560/year, to cover basic costs without assistance.
At full time, $62,000/year is about $29.81/hour, $5,167/month gross, and $2,385 per biweekly paycheck before taxes.