Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Adair County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,020 | $73,286 | $78,145 |
| Median Personal Income | $54,163 | $58,328 | $61,726 |
| Average income growth | 4.5% | 4.2% | 5.1% |
| Six-Figure Earners | 10.1% | 9.9% | 13.2% |
The median household income in Adair County is about 10% lower than in Iowa. Income has been growing faster in Adair County (4.5%/yr) than in Iowa (4.2%/yr).
About 10% of adults in Adair County earn six figures ($100,000 or more) a year, about the same as the Iowa average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Adair County, Iowa grew by 50.6% from 2009 to 2023, reaching $66,020 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Adair County | Gender Pay Gap | Gini Coefficient
| Metric | Adair County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.477 | 0.518 | 0.570 |
| Male Median Income | $58,313 | $64,701 | $67,746 |
| Female Median Income | $48,429 | $50,787 | $54,793 |
| Gender Pay Gap | 16.9% | 21.5% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Adair County, it is 0.477, lower than Iowa's 0.518, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Adair County, Iowa. Over a 35-year career, a 20% wage gap accumulates to roughly $345,940 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Adair County, Iowa has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $1,765 since 2009.
Employment
| Metric | Adair County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 3.6% | 5.2% |
| Working from Home | 9.5% | 10.4% | 13.4% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 162 people are unemployed in Adair County, Iowa.
The average commute time in Adair County is 16 minutes, about the same as in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Adair County, Iowa has fallen from 4.4% to 4.2% in 2023.
Conclusion
Considering all these factors, Adair County, Iowa has an overall wealth index grade of B, making it about on par with Iowa, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Adair County, Iowa.
How Wealthy Is Adair County, Iowa?
Adair County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $66,020, about 10% lower than the Iowa average of $73,286.
What is the current median household income in Adair County, Iowa?
As of 2023, the median household income in Adair County, Iowa is $66,020.
What was the median household income in Adair County in 2023?
In 2023, the median household income in Adair County, Iowa was $66,020.
What was the median household income in Adair County in 2020?
In 2020, the median household income in Adair County, Iowa was $55,341.
What is the Gini coefficient in Adair County, Iowa?
The Gini coefficient in Adair County is 0.477. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Adair County, Iowa?
Since 2009, the income gap between men and women in Adair County, Iowa has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $1,765 since 2009.