Cerro Gordo County, Iowa Income Statistics
Cerro Gordo 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
Cerro Gordo County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,649 | $75,133 | $80,455 |
| Median Personal Income | $54,836 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 9.2% | 10.5% | 13.9% |
| $200k+ Households | 7.2% | 8.6% | 13.2% |
The median household income in Cerro Gordo County is about 9% lower than in Iowa. Income has been growing faster in Cerro Gordo County (4.6%/yr) than in Iowa (4.0%/yr).
About 9% of adults in Cerro Gordo 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 Cerro Gordo County, Iowa grew by 53.5% from 2009 to 2024, reaching $68,649 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Cerro Gordo County
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.510 | 0.552 |
| Male Median Income | $66,166 | $66,524 | $69,667 |
| Female Median Income | $50,024 | $52,524 | $56,850 |
| Gender Pay Gap | 24.4% | 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 Cerro Gordo County, it is 0.486, 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 32% more than women's income in Cerro Gordo County, Iowa. Over a 35-year career, a 32% wage gap accumulates to roughly $564,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cerro Gordo County, Iowa has narrowed from about 27% to 24% in 2024. Over that period the gap was widest at 27% in 2018, and was narrowest at 21% in 2023. In dollar terms, the gap has widened by $5,080 since 2009.
Employment
| Metric | Cerro Gordo County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 3.6% | 5.2% |
| Working from Home | 7.2% | 11.3% | 15.0% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 576 people are unemployed in Cerro Gordo County, Iowa.
The average commute time in Cerro Gordo County is 12 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cerro Gordo County, Iowa has fallen from 6.1% to 2.6% in 2024.
Cerro Gordo County, IA Wealth Compared With Nearby Counties
Cerro Gordo County, IA is the largest of the 6 counties compared here, 42,632 residents against a local median of 10,577. Where Cerro Gordo County, IA breaks from the counties next to it is unemployment, sitting 20% below the local median of 3.3% at 2.6%. That is the better end of the local range on this measure.
The counties themselves spread 2.6% on unemployment, so Cerro Gordo County, IA sits at one end of an already wide local range rather than apart from it. Cerro Gordo County, IA has the 3rd 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. |
|---|---|---|---|---|---|
| Cerro Gordo County, IA | 42,632 | $68,649 #5/6 | 4.6%/yr #3/6 | 2.6% #3/6 | 0.486 #4/6 |
| Worth County, IA | 7,350 | $77,305 | 5.8%/yr | 3.5% | 0.451 |
| Franklin County, IA | 9,956 | $59,847 | 3.2%/yr | 3.8% | 0.509 |
| Floyd County, IA | 15,328 | $68,678 | 4.9%/yr | 3.3% | 0.480 |
| Hancock County, IA | 10,671 | $69,468 | 3.2%/yr | 1.9% | 0.457 |
| Mitchell County, IA | 10,577 | $72,056 | 4.0%/yr | 1.2% | 0.498 |
Conclusion
Considering all these factors, Cerro Gordo 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 Cerro Gordo County, Iowa.
How Rich Is Cerro Gordo County, Iowa?
Cerro Gordo 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 $68,649, about 9% lower than the Iowa average of $75,133.
How has median household income changed in Cerro Gordo County, Iowa?
Between 2009 and 2024, the median household income in Cerro Gordo County, Iowa rose 53%, from $44,728 to $68,649. Over the same years, income here lagged behind Iowa as a whole: +53% against +56%.
What was the median household income in Cerro Gordo County in 2023?
In 2023, the median household income in Cerro Gordo County, Iowa was $65,230, up 2% from $63,835 in 2022. The Iowa median that year was $73,347.
What was the median household income in Cerro Gordo County in 2020?
In 2020, the median household income in Cerro Gordo County, Iowa was $55,921. By 2024 it had risen 23% to $68,649.
What is the Gini coefficient in Cerro Gordo County, Iowa?
The Gini coefficient in Cerro Gordo County is 0.486. 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 Cerro Gordo County, Iowa?
Since 2009, the income gap between men and women in Cerro Gordo County, Iowa has narrowed from about 27% to 24% in 2024. Over that period the gap was widest at 27% in 2018, and was narrowest at 21% in 2023. In dollar terms, the gap has widened by $5,080 since 2009.
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