Boone County, Iowa Income Statistics
Boone County Wealth Score
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.
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B
Boone County Around averageWealthier than 84% of counties in Iowa
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boone County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,575 | $75,133 | $80,455 |
| Median Personal Income | $56,023 | $57,332 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.0% | 4.8% |
| Six-Figure Earners | 10.0% | 10.5% | 13.9% |
| $200k+ Households | 7.6% | 8.6% | 13.2% |
The median household income in Boone County is about 13% higher than in Iowa. Income has been growing faster in Boone County (5.5%/yr) than in Iowa (4.0%/yr).
About 10% of adults in Boone County earn six figures ($100,000 or more) a year, lower than the Iowa average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boone County, Iowa grew by 76.1% from 2009 to 2024, reaching $84,575 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Boone County
| Metric | Boone County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.477 | 0.510 | 0.552 |
| Male Median Income | $63,937 | $66,524 | $69,667 |
| Female Median Income | $52,080 | $52,524 | $56,850 |
| Gender Pay Gap | 18.5% | 21.0% | 18.4% |
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 Boone County, it is 0.477, lower than Iowa's 0.510, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Boone County, Iowa. Over a 35-year career, a 23% wage gap accumulates to roughly $414,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boone County, Iowa has narrowed from about 30% to 19% in 2024. Over that period the gap was narrowest at 15% in 2014. In dollar terms, the gap has narrowed by $2,284 since 2009.
Employment
| Metric | Boone County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.5% | 3.6% | 5.2% |
| Working from Home | 10.1% | 11.3% | 15.0% |
| Commute time (minutes) | 20 | 16 | 22 |
Approximately 218 people are unemployed in Boone County, Iowa.
The average commute time in Boone County is 20 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boone County, Iowa has fallen from 4.2% to 1.5% in 2024. Over that period the rate peaked at 5.5% in 2013 and fell as low as 1.3% in 2022.
Boone County, IA Wealth Compared With Nearby Counties
Boone County, IA is the 4th largest of the 6 counties compared here, 26,668 residents against a local median of 36,886. Boone County, IA's unemployment, at 1.5%, runs 68% below the 4.8% typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 5.5%/yr against a local median of 3.9%/yr, 41% above it. Every measure here with a clear better direction points the same way, so Boone County, IA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.5% on unemployment, so Boone County, IA sits at one end of an already wide local range rather than apart from it. Boone County, IA has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Boone County, IA | 26,668 | $84,575 #2/6 | 5.5%/yr #2/6 | 1.5% #1/6 | 0.477 #1/6 |
| Dallas County, IA | 107,966 | $102,109 | 3.2%/yr | 2.3% | 0.491 |
| Hamilton County, IA | 14,886 | $72,236 | 3.7%/yr | 4.8% | 0.483 |
| Webster County, IA | 36,886 | $66,913 | 5.9%/yr | 4.8% | 0.518 |
| Greene County, IA | 8,689 | $64,725 | 3.9%/yr | 2.3% | 0.498 |
| Story County, IA | 100,466 | $70,594 | 4.0%/yr | 4.8% | 0.571 |
Conclusion
Considering all these factors, Boone County, Iowa has an overall wealth index grade of B, making it somewhat better than Iowa, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boone County, Iowa.
How Rich Is Boone County, Iowa?
Boone 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 $84,575, about 13% higher than the Iowa average of $75,133.
How has median household income changed in Boone County, Iowa?
Between 2009 and 2024, the median household income in Boone County, Iowa rose 76%, from $48,037 to $84,575. Over the same years, income here outpaced Iowa as a whole: +76% against +56%.
What was the median household income in Boone County in 2023?
In 2023, the median household income in Boone County, Iowa was $78,998, up 4% from $75,767 in 2022. The Iowa median that year was $73,347.
What was the median household income in Boone County in 2020?
In 2020, the median household income in Boone County, Iowa was $67,105. By 2024 it had risen 26% to $84,575.
How strong is the job market in Boone County, Iowa?
Unemployment in Boone County, Iowa is only 1.5%, well below the Iowa rate of 3.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Boone County, Iowa?
The Gini coefficient in Boone 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Boone County, Iowa?
Since 2009, the income gap between men and women in Boone County, Iowa has narrowed from about 30% to 19% in 2024. Over that period the gap was narrowest at 15% in 2014. In dollar terms, the gap has narrowed by $2,284 since 2009.
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