Carroll County, Iowa Income Statistics
Carroll 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
Carroll County Around averageWealthier than 82% of counties in Iowa
Source: Map AI Methodology
Income Statistics Overview
| Metric | Carroll County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,378 | $75,133 | $80,455 |
| Median Personal Income | $52,728 | $57,332 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.0% | 4.8% |
| Six-Figure Earners | 10.9% | 10.5% | 13.9% |
| $200k+ Households | 7.7% | 8.6% | 13.2% |
The median household income in Carroll County is about 5% lower than in Iowa. Income has been growing slower in Carroll County (3.8%/yr) than in Iowa (4.0%/yr).
About 11% of adults in Carroll County earn six figures ($100,000 or more) a year, about the same as the Iowa average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Carroll County, Iowa grew by 54.4% from 2009 to 2024, reaching $71,378 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Carroll County
| Metric | Carroll County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.495 | 0.510 | 0.552 |
| Male Median Income | $62,871 | $66,524 | $69,667 |
| Female Median Income | $48,248 | $52,524 | $56,850 |
| Gender Pay Gap | 23.3% | 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 Carroll County, it is 0.495, 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 30% more than women's income in Carroll County, Iowa. Over a 35-year career, a 30% wage gap accumulates to roughly $511,805 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Carroll County, Iowa has stayed about the same since 2009, at around 23%. Over that period the gap was widest at 28% in 2011, and was narrowest at 22% in 2023. In dollar terms, the gap has widened by $5,539 since 2009.
Employment
| Metric | Carroll County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.8% | 3.6% | 5.2% |
| Working from Home | 7.3% | 11.3% | 15.0% |
| Commute time (minutes) | 10 | 16 | 22 |
Approximately 195 people are unemployed in Carroll County, Iowa.
The average commute time in Carroll County is 10 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, Iowa has fallen from 2.8% to 1.8% in 2024. Over that period the rate peaked at 3.3% in 2015.
Carroll County, IA Wealth Compared With Nearby Counties
Carroll County, IA is the largest of the 6 counties compared here, 20,594 residents against a local median of 9,689. Carroll County, IA's unemployment, at 1.8%, runs 30% below the 2.6% 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: 3.8%/yr against a local median of 4.9%/yr, 23% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Carroll County, IA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.1% on unemployment, so Carroll County, IA sits at one end of an already wide local range rather than apart from it. Carroll County, IA has the 2nd 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. |
|---|---|---|---|---|---|
| Carroll County, IA | 20,594 | $71,378 #3/6 | 3.8%/yr #5/6 | 1.8% #2/6 | 0.495 #3/6 |
| Audubon County, IA | 5,599 | $57,499 | 2.8%/yr | 1.3% | 0.496 |
| Calhoun County, IA | 9,803 | $65,135 | 4.9%/yr | 2.6% | 0.523 |
| Sac County, IA | 9,689 | $73,798 | 5.2%/yr | 4.4% | 0.471 |
| Greene County, IA | 8,689 | $64,725 | 3.9%/yr | 2.3% | 0.498 |
| Guthrie County, IA | 10,688 | $78,167 | 5.1%/yr | 3.2% | 0.491 |
Conclusion
Considering all these factors, Carroll 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 Carroll County, Iowa.
How Rich Is Carroll County, Iowa?
Carroll 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 $71,378, about 5% lower than the Iowa average of $75,133.
How has median household income changed in Carroll County, Iowa?
Between 2009 and 2024, the median household income in Carroll County, Iowa rose 54%, from $46,228 to $71,378. Over the same years, income here lagged behind Iowa as a whole: +54% against +56%.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, Iowa was $67,714, down 1% from $68,290 in 2022. The Iowa median that year was $73,347.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, Iowa was $58,845. By 2024 it had risen 21% to $71,378.
Is it hard to find a job in Carroll County, Iowa?
Unemployment in Carroll County, Iowa is only 1.8%, 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 Carroll County, Iowa?
The Gini coefficient in Carroll County is 0.495. 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 Carroll County, Iowa?
The income gap between men and women in Carroll County, Iowa has stayed about the same since 2009, at around 23%. Over that period the gap was widest at 28% in 2011, and was narrowest at 22% in 2023. In dollar terms, the gap has widened by $5,539 since 2009.
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