Sioux City, Iowa Income Statistics
Sioux City Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Sioux City Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,695 | $75,133 | $80,455 |
| Median Personal Income | $50,422 | $57,332 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.0% | 4.8% |
| Six-Figure Earners | 6.8% | 10.5% | 13.9% |
| $200k+ Households | 5.5% | 8.6% | 13.2% |
The median household income in Sioux City is about 9% lower than in Iowa. Income has been growing faster in Sioux City (5.1%/yr) than in Iowa (4.0%/yr).
About 7% of adults in Sioux City 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 Sioux City, Iowa grew by 59.1% from 2009 to 2024, reaching $68,695 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Sioux City
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.510 | 0.552 |
| Male Median Income | $58,567 | $66,524 | $69,667 |
| Female Median Income | $50,344 | $52,524 | $56,850 |
| Gender Pay Gap | 14.0% | 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 Sioux City, it is 0.512, about the same as Iowa's 0.510, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Sioux City, Iowa. Over a 35-year career, a 16% wage gap accumulates to roughly $287,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sioux City, Iowa has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 23% in 2015, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $578 since 2009.
Employment
| Metric | Sioux City | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 3.6% | 5.2% |
| Working from Home | 5.1% | 11.3% | 15.0% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 1,918 people are unemployed in Sioux City, Iowa.
The average commute time in Sioux City is 16 minutes, about the same as in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sioux City, Iowa has fallen from 6.2% to 4.5% in 2024.
Conclusion
Considering all these factors, Sioux City, 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 Sioux City, Iowa.
How Rich Is Sioux City, Iowa?
Sioux City 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 $68,695, about 9% lower than the Iowa average of $75,133.
How fast is household income rising in Sioux City, Iowa?
Between 2009 and 2024, the median household income in Sioux City, Iowa rose 59%, from $43,184 to $68,695. Over the same years, income here outpaced Iowa as a whole: +59% against +56%.
What was the median household income in Sioux City in 2023?
In 2023, the median household income in Sioux City, Iowa was $64,615, about the same as in 2022. The Iowa median that year was $73,347.
What was the median household income in Sioux City in 2020?
In 2020, the median household income in Sioux City, Iowa was $57,412. By 2024 it had risen 20% to $68,695.
What is the Gini coefficient in Sioux City, Iowa?
The Gini coefficient in Sioux City is 0.512. 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 Sioux City, Iowa?
Since 2009, the income gap between men and women in Sioux City, Iowa has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 23% in 2015, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $578 since 2009.
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