Mitchell County, Iowa Income Statistics
Mitchell 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
Mitchell County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,056 | $75,133 | $80,455 |
| Median Personal Income | $54,595 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.0% | 4.0% | 4.8% |
| Six-Figure Earners | 9.4% | 10.5% | 13.9% |
| $200k+ Households | 6.7% | 8.6% | 13.2% |
The median household income in Mitchell County is about 4% lower than in Iowa. Income has been growing slower in Mitchell County (4.0%/yr) than in Iowa (4.0%/yr).
About 9% of adults in Mitchell 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 Mitchell County, Iowa grew by 50.9% from 2009 to 2024, reaching $72,056 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Mitchell County
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.498 | 0.510 | 0.552 |
| Male Median Income | $63,338 | $66,524 | $69,667 |
| Female Median Income | $54,100 | $52,524 | $56,850 |
| Gender Pay Gap | 14.6% | 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 Mitchell County, it is 0.498, 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 Mitchell County, Iowa. Over a 35-year career, a 17% wage gap accumulates to roughly $323,330 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mitchell County, Iowa has narrowed from about 32% to 15% in 2024. In dollar terms, the gap has narrowed by $4,354 since 2009.
Employment
| Metric | Mitchell County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.2% | 3.6% | 5.2% |
| Working from Home | 11.9% | 11.3% | 15.0% |
| Commute time (minutes) | 13 | 16 | 22 |
Approximately 67 people are unemployed in Mitchell County, Iowa.
The average commute time in Mitchell County is 13 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mitchell County, Iowa has fallen from 4.2% to 1.2% in 2024. Over that period the rate peaked at 4.4% in 2014 and fell as low as 1.0% in 2022.
Mitchell County, IA Wealth Compared With Nearby Counties
Mitchell County, IA is the 4th largest of the 6 counties compared here, 10,577 residents against a local median of 15,328. Where Mitchell County, IA breaks from the counties next to it is unemployment, sitting 63% below the local median of 3.3% at 1.2%. That is the better end of the local range on this measure.
The counties themselves spread 2.1% on unemployment, so Mitchell County, IA sits at one end of an already wide local range rather than apart from it. Mitchell County, IA has the 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. |
|---|---|---|---|---|---|
| Mitchell County, IA | 10,577 | $72,056 #3/6 | 4.0%/yr #6/6 | 1.2% #1/6 | 0.498 #6/6 |
| Floyd County, IA | 15,328 | $68,678 | 4.9%/yr | 3.3% | 0.480 |
| Mower County, MN | 40,341 | $72,820 | 4.3%/yr | 3.9% | 0.491 |
| Howard County, IA | 9,445 | $68,882 | 4.3%/yr | 1.9% | 0.480 |
| Worth County, IA | 7,350 | $77,305 | 5.8%/yr | 3.5% | 0.451 |
| Cerro Gordo County, IA | 42,632 | $68,649 | 4.6%/yr | 2.6% | 0.486 |
Conclusion
Considering all these factors, Mitchell 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 Mitchell County, Iowa.
How Rich Is Mitchell County, Iowa?
Mitchell 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 $72,056, about 4% lower than the Iowa average of $75,133.
How fast is household income rising in Mitchell County, Iowa?
Between 2009 and 2024, the median household income in Mitchell County, Iowa rose 51%, from $47,757 to $72,056. Over the same years, income here lagged behind Iowa as a whole: +51% against +56%.
What was the median household income in Mitchell County in 2023?
In 2023, the median household income in Mitchell County, Iowa was $68,467, up 3% from $66,382 in 2022. The Iowa median that year was $73,347.
What was the median household income in Mitchell County in 2020?
In 2020, the median household income in Mitchell County, Iowa was $60,336. By 2024 it had risen 19% to $72,056.
Is unemployment high in Mitchell County, Iowa?
Unemployment in Mitchell County, Iowa is only 1.2%, 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 Mitchell County, Iowa?
The Gini coefficient in Mitchell County is 0.498. 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 Mitchell County, Iowa?
Since 2009, the income gap between men and women in Mitchell County, Iowa has narrowed from about 32% to 15% in 2024. In dollar terms, the gap has narrowed by $4,354 since 2009.
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