Wealth Index
Among the top 3 wealthiest counties 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 | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,383 | $73,286 | $78,145 |
| Median Personal Income | $59,380 | $58,328 | $61,726 |
| Average income growth | 3.6% | 4.2% | 5.1% |
| Six-Figure Earners | 12.2% | 9.9% | 13.2% |
The median household income in Dickinson County is about 1% higher than in Iowa. Income has been growing slower in Dickinson County (3.6%/yr) than in Iowa (4.2%/yr).
About 12% of adults in Dickinson County earn six figures ($100,000 or more) a year, higher than the Iowa average of 10%.
Median Household Income 2010–2023 Trend
Median Household Income Over Time
Median household income in Dickinson County, Iowa grew by 48.3% from 2010 to 2023, reaching $74,383 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Dickinson County | Gender Pay Gap | Gini Coefficient
| Metric | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.518 | 0.570 |
| Male Median Income | $67,627 | $64,701 | $67,746 |
| Female Median Income | $47,989 | $50,787 | $54,793 |
| Gender Pay Gap | 29.0% | 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 Dickinson County, it is 0.484, 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 41% more than women's income in Dickinson County, Iowa. Over a 35-year career, a 41% wage gap accumulates to roughly $687,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dickinson County, Iowa has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $9,482 since 2009.
Employment
| Metric | Dickinson County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.4% | 3.6% | 5.2% |
| Working from Home | 10.5% | 10.4% | 13.4% |
| Commute time (minutes) | 13 | 16 | 22 |
Approximately 231 people are unemployed in Dickinson County, Iowa.
The average commute time in Dickinson County is 13 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dickinson County, Iowa has fallen from 4.8% to 2.4% in 2023.
Conclusion
Considering all these factors, Dickinson 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 Dickinson County, Iowa.
How Rich Is Dickinson County, Iowa?
Dickinson 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 $74,383, about 1% higher than the Iowa average of $73,286.
What is the current median household income in Dickinson County, Iowa?
As of 2023, the median household income in Dickinson County, Iowa is $74,383.
What was the median household income in Dickinson County in 2023?
In 2023, the median household income in Dickinson County, Iowa was $74,383.
What was the median household income in Dickinson County in 2020?
In 2020, the median household income in Dickinson County, Iowa was $61,058.
What is the Gini coefficient in Dickinson County, Iowa?
The Gini coefficient in Dickinson County is 0.484. 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 Dickinson County, Iowa?
Since 2009, the income gap between men and women in Dickinson County, Iowa has widened from about 26% to 29% in 2023. In dollar terms, the gap has widened by $9,482 since 2009.