Wealth Index
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 | Poweshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,977 | $73,286 | $78,145 |
| Median Personal Income | $55,240 | $58,328 | $61,726 |
| Average income growth | 3.8% | 4.2% | 5.1% |
| Six-Figure Earners | 9.6% | 9.9% | 13.2% |
The median household income in Poweshiek County is about 10% lower than in Iowa. Income has been growing slower in Poweshiek County (3.8%/yr) than in Iowa (4.2%/yr).
About 10% of adults in Poweshiek County earn six figures ($100,000 or more) a year, about the same as the Iowa average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Poweshiek County, Iowa grew by 31.4% from 2009 to 2023, reaching $65,977 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Poweshiek County | Gender Pay Gap | Gini Coefficient
| Metric | Poweshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.518 | 0.570 |
| Male Median Income | $60,499 | $64,701 | $67,746 |
| Female Median Income | $47,475 | $50,787 | $54,793 |
| Gender Pay Gap | 21.5% | 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 Poweshiek County, it is 0.534, higher than Iowa's 0.518, so income is less 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 27% more than women's income in Poweshiek County, Iowa. Over a 35-year career, a 27% wage gap accumulates to roughly $455,840 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Poweshiek County, Iowa has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $1,731 since 2009.
Employment
| Metric | Poweshiek County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 3.6% | 5.2% |
| Working from Home | 10.9% | 10.4% | 13.4% |
| Commute time (minutes) | 12 | 16 | 22 |
Approximately 465 people are unemployed in Poweshiek County, Iowa.
The average commute time in Poweshiek County is 12 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Poweshiek County, Iowa has fallen from 6.0% to 4.9% in 2023.
Conclusion
Considering all these factors, Poweshiek 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 Poweshiek County, Iowa.
How Rich Is Poweshiek County, Iowa?
Poweshiek 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 $65,977, about 10% lower than the Iowa average of $73,286.
What is the current median household income in Poweshiek County, Iowa?
As of 2023, the median household income in Poweshiek County, Iowa is $65,977.
What was the median household income in Poweshiek County in 2023?
In 2023, the median household income in Poweshiek County, Iowa was $65,977.
What was the median household income in Poweshiek County in 2020?
In 2020, the median household income in Poweshiek County, Iowa was $55,513.
What is the Gini coefficient in Poweshiek County, Iowa?
The Gini coefficient in Poweshiek County is 0.534. 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 Poweshiek County, Iowa?
Since 2009, the income gap between men and women in Poweshiek County, Iowa has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $1,731 since 2009.