Madison County, Iowa Income Statistics
Madison 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
Madison County Around averageAmong the top 5 wealthiest counties in Iowa
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,339 | $75,133 | $80,455 |
| Median Personal Income | $61,594 | $57,332 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.0% | 4.8% |
| Six-Figure Earners | 12.1% | 10.5% | 13.9% |
| $200k+ Households | 10.2% | 8.6% | 13.2% |
The median household income in Madison County is about 18% higher than in Iowa. Income has been growing faster in Madison County (5.0%/yr) than in Iowa (4.0%/yr).
About 12% of adults in Madison County earn six figures ($100,000 or more) a year, higher than the Iowa average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Iowa grew by 56.4% from 2009 to 2024, reaching $88,339 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.510 | 0.552 |
| Male Median Income | $70,590 | $66,524 | $69,667 |
| Female Median Income | $57,276 | $52,524 | $56,850 |
| Gender Pay Gap | 18.9% | 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 Madison County, it is 0.482, 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 23% more than women's income in Madison County, Iowa. Over a 35-year career, a 23% wage gap accumulates to roughly $465,990 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Iowa has narrowed from about 20% to 19% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 13% in 2020. In dollar terms, the gap has widened by $4,153 since 2009.
Employment
| Metric | Madison County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.6% | 5.2% |
| Working from Home | 17.4% | 11.3% | 15.0% |
| Commute time (minutes) | 30 | 16 | 22 |
Approximately 319 people are unemployed in Madison County, Iowa.
The average commute time in Madison County is 30 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Iowa has fallen from 5.4% to 3.5% in 2024. Over that period the rate peaked at 7.6% in 2014 and fell as low as 2.3% in 2022.
Madison County, IA Wealth Compared With Nearby Counties
Madison County, IA is the 3rd largest of the 6 counties compared here, 16,926 residents against a local median of 11,993. Madison County, IA's median household income, at $88,339, runs 23% above the $71,996 typical of the counties around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 5.0%/yr against a local median of 4.3%/yr, 18% above it. Every measure here with a clear better direction points the same way, so Madison County, IA is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $44,021 on median household income, so Madison County, IA sits at one end of an already wide local range rather than apart from it. Madison County, IA has the 3rd highest median household income 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. |
|---|---|---|---|---|---|
| Madison County, IA | 16,926 | $88,339 #3/6 | 5.0%/yr #2/6 | 3.5% #3/6 | 0.482 #1/6 |
| Dallas County, IA | 107,966 | $102,109 | 3.2%/yr | 2.3% | 0.491 |
| Union County, IA | 11,993 | $58,088 | 3.0%/yr | 4.0% | 0.511 |
| Clarke County, IA | 9,662 | $71,996 | 5.6%/yr | 4.2% | 0.484 |
| Warren County, IA | 54,398 | $95,575 | 4.5%/yr | 3.4% | 0.505 |
| Adair County, IA | 7,460 | $67,688 | 4.3%/yr | 4.0% | 0.498 |
Conclusion
Considering all these factors, Madison 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 Madison County, Iowa.
How Rich Is Madison County, Iowa?
Madison 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 $88,339, about 18% higher than the Iowa average of $75,133.
How has median household income changed in Madison County, Iowa?
Between 2009 and 2024, the median household income in Madison County, Iowa rose 56%, from $56,500 to $88,339. Over the same years, income here kept pace with Iowa as a whole: +56% against +56%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Iowa was $88,393, about the same as in 2022. The Iowa median that year was $73,347.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Iowa was $71,979. By 2024 it had risen 23% to $88,339.
What is the Gini coefficient in Madison County, Iowa?
The Gini coefficient in Madison County is 0.482. 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 Madison County, Iowa?
Since 2009, the income gap between men and women in Madison County, Iowa has narrowed from about 20% to 19% in 2024. Over that period the gap was widest at 23% in 2012, and was narrowest at 13% in 2020. In dollar terms, the gap has widened by $4,153 since 2009.
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