Wealth Index
Wealthier than 76% of 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 | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,152 | $73,286 | $78,145 |
| Median Personal Income | $52,537 | $58,328 | $61,726 |
| Average income growth | 3.5% | 4.2% | 5.1% |
| Six-Figure Earners | 6.8% | 9.9% | 13.2% |
The median household income in Ida County is about 14% lower than in Iowa. Income has been growing slower in Ida County (3.5%/yr) than in Iowa (4.2%/yr).
About 7% of adults in Ida County earn six figures ($100,000 or more) a year, lower than the Iowa average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Ida County, Iowa grew by 44.3% from 2009 to 2023, reaching $63,152 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Ida County | Gender Pay Gap | Gini Coefficient
| Metric | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.500 | 0.518 | 0.570 |
| Male Median Income | $60,624 | $64,701 | $67,746 |
| Female Median Income | $46,227 | $50,787 | $54,793 |
| Gender Pay Gap | 23.7% | 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 Ida County, it is 0.500, 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 31% more than women's income in Ida County, Iowa. Over a 35-year career, a 31% wage gap accumulates to roughly $503,895 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ida County, Iowa has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has widened by $258 since 2009.
Employment
| Metric | Ida County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 3.6% | 5.2% |
| Working from Home | 9.7% | 10.4% | 13.4% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 70 people are unemployed in Ida County, Iowa.
The average commute time in Ida County is 12 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ida County, Iowa has fallen from 3.9% to 1.9% in 2023.
Conclusion
Considering all these factors, Ida 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 Ida County, Iowa.
How Wealthy Is Ida County, Iowa?
Ida 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 $63,152, about 14% lower than the Iowa average of $73,286.
What is the current median household income in Ida County, Iowa?
As of 2023, the median household income in Ida County, Iowa is $63,152.
What was the median household income in Ida County in 2023?
In 2023, the median household income in Ida County, Iowa was $63,152.
What was the median household income in Ida County in 2020?
In 2020, the median household income in Ida County, Iowa was $54,434.
What is the Gini coefficient in Ida County, Iowa?
The Gini coefficient in Ida County is 0.500. 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 Ida County, Iowa?
Since 2009, the income gap between men and women in Ida County, Iowa has narrowed from about 34% to 24% in 2023. In dollar terms, the gap has widened by $258 since 2009.