Hancock County, Iowa Income Statistics
Hancock 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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B
Hancock County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,468 | $75,133 | $80,455 |
| Median Personal Income | $49,675 | $57,332 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.0% | 4.8% |
| Six-Figure Earners | 5.7% | 10.5% | 13.9% |
| $200k+ Households | 3.9% | 8.6% | 13.2% |
The median household income in Hancock County is about 8% lower than in Iowa. Income has been growing slower in Hancock County (3.2%/yr) than in Iowa (4.0%/yr).
About 6% of adults in Hancock 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 Hancock County, Iowa grew by 42.3% from 2009 to 2024, reaching $69,468 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.457 | 0.510 | 0.552 |
| Male Median Income | $57,305 | $66,524 | $69,667 |
| Female Median Income | $48,973 | $52,524 | $56,850 |
| Gender Pay Gap | 14.5% | 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 Hancock County, it is 0.457, 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 17% more than women's income in Hancock County, Iowa. Over a 35-year career, a 17% wage gap accumulates to roughly $291,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Iowa has narrowed from about 20% to 15% in 2024. Over that period the gap was widest at 32% in 2018, and was narrowest at 10% in 2023. In dollar terms, the gap has widened by $812 since 2009.
Employment
| Metric | Hancock County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 3.6% | 5.2% |
| Working from Home | 7.1% | 11.3% | 15.0% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 103 people are unemployed in Hancock County, Iowa.
The average commute time in Hancock County is 16 minutes, about the same as in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Iowa has fallen from 5.5% to 1.9% in 2024. Over that period the rate fell as low as 1.5% in 2015.
Hancock County, IA Wealth Compared With Nearby Counties
Hancock County, IA is the 4th largest of the 6 counties compared here, 10,671 residents against a local median of 12,791. Hancock County, IA's income growth, at 3.2%/yr, runs 31% below the 4.6%/yr typical of the counties around it. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 1.9% against a local median of 2.6%, 28% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Hancock County, IA is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.2%/yr on income growth, so Hancock County, IA sits at one end of an already wide local range rather than apart from it. Hancock 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. |
|---|---|---|---|---|---|
| Hancock County, IA | 10,671 | $69,468 #2/6 | 3.2%/yr #5/6 | 1.9% #2/6 | 0.457 #2/6 |
| Winnebago County, IA | 10,583 | $67,930 | 4.2%/yr | 3.0% | 0.492 |
| Wright County, IA | 12,791 | $67,627 | 5.0%/yr | 1.8% | 0.519 |
| Cerro Gordo County, IA | 42,632 | $68,649 | 4.6%/yr | 2.6% | 0.486 |
| Kossuth County, IA | 14,516 | $67,165 | 2.6%/yr | 1.9% | 0.481 |
| Worth County, IA | 7,350 | $77,305 | 5.8%/yr | 3.5% | 0.451 |
Conclusion
Considering all these factors, Hancock County, Iowa has an overall wealth index grade of B, making it about on par with Iowa, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hancock County, Iowa.
How Rich Is Hancock County, Iowa?
Hancock 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 $69,468, about 8% lower than the Iowa average of $75,133.
How fast is household income rising in Hancock County, Iowa?
Between 2009 and 2024, the median household income in Hancock County, Iowa rose 42%, from $48,821 to $69,468. Over the same years, income here lagged behind Iowa as a whole: +42% against +56%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Iowa was $70,402, up 5% from $67,247 in 2022. The Iowa median that year was $73,347.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Iowa was $63,304. By 2024 it had risen 10% to $69,468.
Is it hard to find a job in Hancock County, Iowa?
Unemployment in Hancock County, Iowa is only 1.9%, well below the Iowa rate of 3.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Hancock County, Iowa?
The Gini coefficient in Hancock County is 0.457. 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 Hancock County, Iowa?
Since 2009, the income gap between men and women in Hancock County, Iowa has narrowed from about 20% to 15% in 2024. Over that period the gap was widest at 32% in 2018, and was narrowest at 10% in 2023. In dollar terms, the gap has widened by $812 since 2009.
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