Wealth Index
Least wealthy county in Iowa
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 | Appanoose County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $51,740 | $73,286 | $78,145 |
| Median Personal Income | $49,041 | $58,328 | $61,726 |
| Average income growth | 3.6% | 4.2% | 5.1% |
| Six-Figure Earners | 5.2% | 9.9% | 13.2% |
The median household income in Appanoose County is about 29% lower than in Iowa. Income has been growing slower in Appanoose County (3.6%/yr) than in Iowa (4.2%/yr).
About 5% of adults in Appanoose County earn six figures ($100,000 or more) a year, lower than the Iowa average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Appanoose County, Iowa grew by 58.3% from 2009 to 2023, reaching $51,740 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Appanoose County | Gender Pay Gap | Gini Coefficient
| Metric | Appanoose County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.518 | 0.570 |
| Male Median Income | $53,826 | $64,701 | $67,746 |
| Female Median Income | $42,174 | $50,787 | $54,793 |
| Gender Pay Gap | 21.6% | 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 Appanoose County, it is 0.515, about the same as Iowa's 0.518, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 28% more than women's income in Appanoose County, Iowa. Over a 35-year career, a 28% wage gap accumulates to roughly $407,820 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Appanoose County, Iowa has stayed about the same since 2009, at around 22%. In dollar terms, the gap has widened by $3,707 since 2009.
Employment
| Metric | Appanoose County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 3.6% | 5.2% |
| Working from Home | 6.5% | 10.4% | 13.4% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 375 people are unemployed in Appanoose County, Iowa.
The average commute time in Appanoose County is 16 minutes, about the same as in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Appanoose County, Iowa has fallen from 10.3% to 6.9% in 2023.
Conclusion
Considering all these factors, Appanoose County, Iowa has an overall wealth index grade of D, making it somewhat worse than Iowa, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Appanoose County, Iowa.
How Wealthy Is Appanoose County, Iowa?
Appanoose County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $51,740, about 29% lower than the Iowa average of $73,286.
What is the current median household income in Appanoose County, Iowa?
As of 2023, the median household income in Appanoose County, Iowa is $51,740.
What was the median household income in Appanoose County in 2023?
In 2023, the median household income in Appanoose County, Iowa was $51,740.
What was the median household income in Appanoose County in 2020?
In 2020, the median household income in Appanoose County, Iowa was $39,573.
What is the Gini coefficient in Appanoose County, Iowa?
The Gini coefficient in Appanoose County is 0.515. 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 Appanoose County, Iowa?
The income gap between men and women in Appanoose County, Iowa has stayed about the same since 2009, at around 22%. In dollar terms, the gap has widened by $3,707 since 2009.