Franklin County, Iowa Income Statistics
Franklin 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
Franklin County Below averageLess wealthy than 70% of counties in Iowa
Source: Map AI Methodology
Income Statistics Overview
| Metric | Franklin County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,847 | $75,133 | $80,455 |
| Median Personal Income | $53,222 | $57,332 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.0% | 4.8% |
| Six-Figure Earners | 4.9% | 10.5% | 13.9% |
| $200k+ Households | 3.1% | 8.6% | 13.2% |
The median household income in Franklin County is about 20% lower than in Iowa. Income has been growing slower in Franklin County (3.2%/yr) than in Iowa (4.0%/yr).
About 5% of adults in Franklin 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 Franklin County, Iowa grew by 33.5% from 2009 to 2024, reaching $59,847 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Franklin County
| Metric | Franklin County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.509 | 0.510 | 0.552 |
| Male Median Income | $65,454 | $66,524 | $69,667 |
| Female Median Income | $47,203 | $52,524 | $56,850 |
| Gender Pay Gap | 27.9% | 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 Franklin County, it is 0.509, about the same as Iowa's 0.510, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 39% more than women's income in Franklin County, Iowa. Over a 35-year career, a 39% wage gap accumulates to roughly $638,785 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Franklin County, Iowa has widened from about 21% to 28% in 2024. Over that period the gap was widest at 33% in 2012, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $10,984 since 2009.
Sharply against the trend: the pay gap in Franklin County widened by 7.1 points while Iowa's narrowed by 3.3 points.
Employment
| Metric | Franklin County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 3.6% | 5.2% |
| Working from Home | 7.9% | 11.3% | 15.0% |
| Commute time (minutes) | 15 | 16 | 22 |
Approximately 181 people are unemployed in Franklin County, Iowa.
The average commute time in Franklin County is 15 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Franklin County, Iowa has risen from 3.5% to 3.8% in 2024. Over that period the rate peaked at 5.4% in 2016 and fell as low as 3.5% in 2021.
Franklin County, IA Wealth Compared With Nearby Counties
Franklin County, IA is the smallest of the 6 counties compared here, 9,956 residents against a local median of 14,886. The measure that sets Franklin County, IA apart most is income growth: 3.2%/yr, 23% below the local median of 4.2%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 3.8% against a local median of 3.1%, 21% above it. Every measure here with a clear better direction points the same way, and it is the wrong way: Franklin County, IA reads weaker than its neighbours on all of them. The counties themselves spread 2.4%/yr on income growth, so Franklin County, IA sits at one end of an already wide local range rather than apart from it. Franklin County, IA has the 5th highest income growth 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. |
|---|---|---|---|---|---|
| Franklin County, IA | 9,956 | $59,847 #6/6 | 3.2%/yr #5/6 | 3.8% #4/6 | 0.509 #5/6 |
| Cerro Gordo County, IA | 42,632 | $68,649 | 4.6%/yr | 2.6% | 0.486 |
| Hardin County, IA | 16,639 | $64,879 | 2.6%/yr | 4.3% | 0.496 |
| Butler County, IA | 14,268 | $73,635 | 4.2%/yr | 3.1% | 0.485 |
| Wright County, IA | 12,791 | $67,627 | 5.0%/yr | 1.8% | 0.519 |
| Hamilton County, IA | 14,886 | $72,236 | 3.7%/yr | 4.8% | 0.483 |
Conclusion
Considering all these factors, Franklin 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 Franklin County, Iowa.
How Rich Is Franklin County, Iowa?
Franklin 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 $59,847, about 20% lower than the Iowa average of $75,133.
How has median household income changed in Franklin County, Iowa?
Between 2009 and 2024, the median household income in Franklin County, Iowa rose 34%, from $44,823 to $59,847. Over the same years, income here lagged behind Iowa as a whole: +34% against +56%.
What was the median household income in Franklin County in 2023?
In 2023, the median household income in Franklin County, Iowa was $62,666, about the same as in 2022. The Iowa median that year was $73,347.
What was the median household income in Franklin County in 2020?
In 2020, the median household income in Franklin County, Iowa was $53,652. By 2024 it had risen 12% to $59,847.
What is the Gini coefficient in Franklin County, Iowa?
The Gini coefficient in Franklin County is 0.509. 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 Franklin County, Iowa?
Since 2009, the income gap between men and women in Franklin County, Iowa has widened from about 21% to 28% in 2024. Over that period the gap was widest at 33% in 2012, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $10,984 since 2009.
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