Floyd County, Iowa Income Statistics
Floyd 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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C
Floyd County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Floyd County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,678 | $75,133 | $80,455 |
| Median Personal Income | $52,611 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.0% | 4.8% |
| Six-Figure Earners | 6.3% | 10.5% | 13.9% |
| $200k+ Households | 6.0% | 8.6% | 13.2% |
The median household income in Floyd County is about 9% lower than in Iowa. Income has been growing faster in Floyd County (4.9%/yr) than in Iowa (4.0%/yr).
About 6% of adults in Floyd 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 Floyd County, Iowa grew by 78.2% from 2009 to 2024, reaching $68,678 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Floyd County
| Metric | Floyd County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.480 | 0.510 | 0.552 |
| Male Median Income | $60,077 | $66,524 | $69,667 |
| Female Median Income | $44,510 | $52,524 | $56,850 |
| Gender Pay Gap | 25.9% | 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 Floyd County, it is 0.480, 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 35% more than women's income in Floyd County, Iowa. Over a 35-year career, a 35% wage gap accumulates to roughly $544,845 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Floyd County, Iowa has widened from about 24% to 26% in 2024. Over that period the gap was widest at 32% in 2017, and was narrowest at 22% in 2021. In dollar terms, the gap has widened by $5,892 since 2009.
Against the trend: the pay gap in Floyd County widened by 1.4 points while Iowa's narrowed by 3.3 points.
Employment
| Metric | Floyd County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 3.6% | 5.2% |
| Working from Home | 7.9% | 11.3% | 15.0% |
| Commute time (minutes) | 15 | 16 | 22 |
Approximately 250 people are unemployed in Floyd County, Iowa.
The average commute time in Floyd County is 15 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Floyd County, Iowa has fallen from 5.9% to 3.3% in 2024. Over that period the rate peaked at 6.4% in 2012 and fell as low as 2.2% in 2019.
Floyd County, IA Wealth Compared With Nearby Counties
Floyd County, IA is typical in size for this group, 15,328 residents against a local median of 14,268, so the measures below are close to a like for like comparison. The measure that sets Floyd County, IA apart most is unemployment: 3.3%, 25% above the local median of 2.6%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 4.9%/yr against a local median of 4.2%/yr, 18% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Floyd County, IA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 2.1% on unemployment, so Floyd County, IA sits at one end of an already wide local range rather than apart from it. Floyd County, IA has the 5th 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. |
|---|---|---|---|---|---|
| Floyd County, IA | 15,328 | $68,678 #5/6 | 4.9%/yr #2/6 | 3.3% #5/6 | 0.480 #2/6 |
| Mitchell County, IA | 10,577 | $72,056 | 4.0%/yr | 1.2% | 0.498 |
| Butler County, IA | 14,268 | $73,635 | 4.2%/yr | 3.1% | 0.485 |
| Chickasaw County, IA | 11,807 | $75,831 | 5.9%/yr | 1.6% | 0.468 |
| Cerro Gordo County, IA | 42,632 | $68,649 | 4.6%/yr | 2.6% | 0.486 |
| Bremer County, IA | 25,204 | $86,476 | 3.7%/yr | 3.3% | 0.501 |
Conclusion
Considering all these factors, Floyd County, 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 Floyd County, Iowa.
How Rich Is Floyd County, Iowa?
Floyd County 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 $68,678, about 9% lower than the Iowa average of $75,133.
How has median household income changed in Floyd County, Iowa?
Between 2009 and 2024, the median household income in Floyd County, Iowa rose 78%, from $38,537 to $68,678. Over the same years, income here outpaced Iowa as a whole: +78% against +56%.
What was the median household income in Floyd County in 2023?
In 2023, the median household income in Floyd County, Iowa was $65,872, up 4% from $63,051 in 2022. The Iowa median that year was $73,347.
What was the median household income in Floyd County in 2020?
In 2020, the median household income in Floyd County, Iowa was $52,271. By 2024 it had risen 31% to $68,678.
What is the Gini coefficient in Floyd County, Iowa?
The Gini coefficient in Floyd County is 0.480. 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 Floyd County, Iowa?
Since 2009, the income gap between men and women in Floyd County, Iowa has widened from about 24% to 26% in 2024. Over that period the gap was widest at 32% in 2017, and was narrowest at 22% in 2021. In dollar terms, the gap has widened by $5,892 since 2009.
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