What is the income of a household in Iowa?
About $71,400 in median income in 2023. Household income is the total money received in a year — wages, pensions, investments, public assistance, and more — by everyone in a household over 15.
Data updated February 19, 2025
$71.4K
Median household income (2023)
1.4%
Percent decrease (2022 to 2023)
Median incomes change over time due to a range of factors: inflation, economic growth or recessions, shifts in industries and technology, changes in workforce education and demographics, and policy adjustments like minimum wage laws or tax reforms.
After adjusting for inflation, the median household income decreased from $72,500 in 2022 to $71,400 in 2023. Median household income was highest in 2021 among the years for which data is available. Iowa's median household income was 8.1% lower than the US median.
2020 data is excluded due to problems in data collection caused by the COVID-19 pandemic.
Median household income decreased by less than 2% from 2022 to $71.4K in 2023.
Median household income in Iowa, adjusted for inflation (2023 dollars)
The median household income is a useful summary, but it doesn’t fully capture the income landscape. Examining the income distribution provides insight into economic diversity and reveals patterns in income concentrations across different brackets. This perspective helps to better understand the range of and disparities in household earnings.
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In 2023, half of Iowa households made more than $71,400 and the other half made less.
Compared to the US as a whole, Iowa had more households in the $50,000 to $99,999 income range and fewer in the $200,000 or more range.
In 2023, half of households in Iowa made over $71.4K and the other half made less.
Share of households in each income group (2023)
Household income can differ depending on the makeup of the household.
Married couple households (with and without kids) had a higher median income than other types of familial households in 2023. Among nonfamily households, single male householders had a higher median income than single female householders.
In 2023, married couple households had the highest median income.
Median income by household type in Iowa (2023)
Lastly, household income also varies by geography due to differences in cost of living, local job markets, and economic opportunities (e.g. the presence of high-paying industries or declining sectors). Regional policies (like minimum wage), access to education, and other economic factors can also play a role in shaping local income levels.
When ranked highest to lowest, Iowa was ranked 33rd in median household income among states in 2023. States with a similar median income include Montana (34th) and South Dakota (32nd).
In 2023, Iowa ranked 33rd in median household income among states.
Median household income by state (2023)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
US Census Bureau
American Community Survey (ACS)
