Taylor County, Iowa Income Statistics
Taylor 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.
-
B
Taylor County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taylor County | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,404 | $75,133 | $80,455 |
| Median Personal Income | $49,528 | $57,332 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.0% | 4.8% |
| Six-Figure Earners | 5.4% | 10.5% | 13.9% |
| $200k+ Households | 3.7% | 8.6% | 13.2% |
The median household income in Taylor County is about 12% lower than in Iowa. Income has been growing faster in Taylor County (4.6%/yr) than in Iowa (4.0%/yr).
About 5% of adults in Taylor 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 Taylor County, Iowa grew by 75.9% from 2009 to 2024, reaching $66,404 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Taylor County
| Metric | Taylor County | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.475 | 0.510 | 0.552 |
| Male Median Income | $56,974 | $66,524 | $69,667 |
| Female Median Income | $46,428 | $52,524 | $56,850 |
| Gender Pay Gap | 18.5% | 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 Taylor County, it is 0.475, 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 Taylor County, Iowa. Over a 35-year career, a 23% wage gap accumulates to roughly $369,110 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Taylor County, Iowa has widened from about 18% to 19% in 2024. Over that period the gap was widest at 29% in 2012, and was narrowest at 14% in 2016. In dollar terms, the gap has widened by $4,635 since 2009.
Against the trend: the pay gap in Taylor County widened by 0.8 points while Iowa's narrowed by 3.3 points.
Employment
| Metric | Taylor County | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.6% | 5.2% |
| Working from Home | 3.0% | 11.3% | 15.0% |
| Commute time (minutes) | 18 | 16 | 22 |
Approximately 87 people are unemployed in Taylor County, Iowa.
The average commute time in Taylor County is 18 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taylor County, Iowa has fallen from 6.1% to 2.9% in 2024. Over that period the rate fell as low as 2.7% in 2020.
Taylor County, IA Wealth Compared With Nearby Counties
Taylor County, IA is the 3rd largest of the 6 counties compared here, 5,868 residents against a local median of 4,645. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Taylor County, IA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median household income, 12% above the local median at $66,404 against $59,419. Taylor 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. |
|---|---|---|---|---|---|
| Taylor County, IA | 5,868 | $66,404 #3/6 | 4.6%/yr #4/6 | 2.9% #3/6 | 0.475 #1/6 |
| Adams County, IA | 3,622 | $70,391 | 4.7%/yr | 3.9% | 0.508 |
| Worth County, MO | 1,934 | $48,418 | 1.2%/yr | 1.6% | 0.513 |
| Nodaway County, MO | 20,774 | $59,419 | 5.2%/yr | 2.4% | 0.554 |
| Ringgold County, IA | 4,645 | $72,941 | 5.8%/yr | 3.2% | 0.500 |
| Page County, IA | 15,131 | $58,322 | 3.0%/yr | 5.0% | 0.524 |
Conclusion
Considering all these factors, Taylor County, Iowa has an overall wealth index grade of B, making it about on par with Iowa, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Taylor County, Iowa.
How Rich Is Taylor County, Iowa?
Taylor 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 $66,404, about 12% lower than the Iowa average of $75,133.
How has median household income changed in Taylor County, Iowa?
Between 2009 and 2024, the median household income in Taylor County, Iowa rose 76%, from $37,758 to $66,404. Over the same years, income here outpaced Iowa as a whole: +76% against +56%.
What was the median household income in Taylor County in 2023?
In 2023, the median household income in Taylor County, Iowa was $65,811, about the same as in 2022. The Iowa median that year was $73,347.
What was the median household income in Taylor County in 2020?
In 2020, the median household income in Taylor County, Iowa was $57,961. By 2024 it had risen 15% to $66,404.
What is the Gini coefficient in Taylor County, Iowa?
The Gini coefficient in Taylor County is 0.475. 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 Taylor County, Iowa?
Since 2009, the income gap between men and women in Taylor County, Iowa has widened from about 18% to 19% in 2024. Over that period the gap was widest at 29% in 2012, and was narrowest at 14% in 2016. In dollar terms, the gap has widened by $4,635 since 2009.
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