Davenport, Iowa Income Statistics
Davenport Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Davenport Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,866 | $75,133 | $80,455 |
| Median Personal Income | $53,587 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.0% | 4.8% |
| Six-Figure Earners | 8.4% | 10.5% | 13.9% |
| $200k+ Households | 5.9% | 8.6% | 13.2% |
The median household income in Davenport is about 10% lower than in Iowa. Income has been growing faster in Davenport (4.3%/yr) than in Iowa (4.0%/yr).
About 8% of adults in Davenport 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 Davenport, Iowa grew by 55.2% from 2009 to 2024, reaching $67,866 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Davenport
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.510 | 0.552 |
| Male Median Income | $65,075 | $66,524 | $69,667 |
| Female Median Income | $51,803 | $52,524 | $56,850 |
| Gender Pay Gap | 20.4% | 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 Davenport, it is 0.519, higher than Iowa's 0.510, so income is less 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 26% more than women's income in Davenport, Iowa. Over a 35-year career, a 26% wage gap accumulates to roughly $464,520 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Davenport, Iowa has narrowed from about 23% to 20% in 2024. Over that period the gap was widest at 28% in 2013, and was narrowest at 17% in 2021. In dollar terms, the gap has widened by $3,229 since 2009.
Employment
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 3.6% | 5.2% |
| Working from Home | 10.3% | 11.3% | 15.0% |
| Commute time (minutes) | 17 | 16 | 22 |
Approximately 2,454 people are unemployed in Davenport, Iowa.
The average commute time in Davenport is 17 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Davenport, Iowa has fallen from 7.0% to 4.5% in 2024. Over that period the rate fell as low as 4.2% in 2017.
Davenport, IA Wealth Compared With Nearby Cities
How Davenport, IA compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Davenport, IA | 101,249 | $67,866 #2/3 | 4.3%/yr #1/3 | 4.5% #2/3 | 0.519 #2/3 |
| Rock Island, IL | 34,599 | $61,536 | 4.3%/yr | 6.1% | 0.554 |
| Bettendorf, IA | 36,915 | $97,722 | 3.8%/yr | 2.5% | 0.516 |
Conclusion
Considering all these factors, Davenport, Iowa has an overall wealth index grade of C, making it about on par with Iowa, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Davenport, Iowa.
How Rich Is Davenport, Iowa?
Davenport has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $67,866, about 10% lower than the Iowa average of $75,133.
How fast is household income rising in Davenport, Iowa?
Between 2009 and 2024, the median household income in Davenport, Iowa rose 55%, from $43,730 to $67,866. Over the same years, income here lagged behind Iowa as a whole: +55% against +56%.
What was the median household income in Davenport in 2023?
In 2023, the median household income in Davenport, Iowa was $65,031, up 8% from $59,977 in 2022. The Iowa median that year was $73,347.
What was the median household income in Davenport in 2020?
In 2020, the median household income in Davenport, Iowa was $54,041. By 2024 it had risen 26% to $67,866.
What is the Gini coefficient in Davenport, Iowa?
The Gini coefficient in Davenport is 0.519. 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 Davenport, Iowa?
Since 2009, the income gap between men and women in Davenport, Iowa has narrowed from about 23% to 20% in 2024. Over that period the gap was widest at 28% in 2013, and was narrowest at 17% in 2021. In dollar terms, the gap has widened by $3,229 since 2009.
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