Wealth Index
Wealthiest 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 | Dallas County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,148 | $73,286 | $78,145 |
| Median Personal Income | $72,636 | $58,328 | $61,726 |
| Average income growth | 3.8% | 4.2% | 5.1% |
| Six-Figure Earners | 19.1% | 9.9% | 13.2% |
The median household income in Dallas County is about 41% higher than in Iowa. Income has been growing slower in Dallas County (3.8%/yr) than in Iowa (4.2%/yr).
About 19% of adults in Dallas County earn six figures ($100,000 or more) a year, higher than the Iowa average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dallas County, Iowa grew by 53.1% from 2009 to 2023, reaching $103,148 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Dallas County | Gender Pay Gap | Gini Coefficient
| Metric | Dallas County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.518 | 0.570 |
| Male Median Income | $82,267 | $64,701 | $67,746 |
| Female Median Income | $61,831 | $50,787 | $54,793 |
| Gender Pay Gap | 24.8% | 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 Dallas County, it is 0.503, 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 33% more than women's income in Dallas County, Iowa. Over a 35-year career, a 33% wage gap accumulates to roughly $715,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dallas County, Iowa has widened from about 24% to 25% in 2023. In dollar terms, the gap has widened by $7,361 since 2009.
Employment
| Metric | Dallas County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.6% | 5.2% |
| Working from Home | 18.6% | 10.4% | 13.4% |
| Commute time (minutes) | 20 | 16 | 22 |
Approximately 1,733 people are unemployed in Dallas County, Iowa.
The average commute time in Dallas County is 20 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dallas County, Iowa has fallen from 4.2% to 2.9% in 2023.
Conclusion
Considering all these factors, Dallas County, Iowa has an overall wealth index grade of A+, making it notably better than Iowa, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dallas County, Iowa.
How Rich Is Dallas County, Iowa?
Dallas County has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $103,148, about 41% higher than the Iowa average of $73,286.
What is the current median household income in Dallas County, Iowa?
As of 2023, the median household income in Dallas County, Iowa is $103,148.
What was the median household income in Dallas County in 2023?
In 2023, the median household income in Dallas County, Iowa was $103,148.
What was the median household income in Dallas County in 2020?
In 2020, the median household income in Dallas County, Iowa was $89,114.
What is the Gini coefficient in Dallas County, Iowa?
The Gini coefficient in Dallas County is 0.503. 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 Dallas County, Iowa?
Since 2009, the income gap between men and women in Dallas County, Iowa has widened from about 24% to 25% in 2023. In dollar terms, the gap has widened by $7,361 since 2009.