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 | Urbandale | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,981 | $73,286 | $78,145 |
| Median Personal Income | $105,981 | $73,286 | $78,145 |
| Average income growth | 4.8% | 4.8% | 4.8% |
The median household income in Urbandale is about 45% higher than in Iowa. Income has been growing faster in Urbandale (4.8%/yr) than in Iowa (4.2%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Urbandale, Iowa grew by 48.4% from 2009 to 2023, reaching $105,981 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Urbandale | Gender Pay Gap | Gini Coefficient
| Metric | Urbandale | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.508 | 0.518 | 0.570 |
| Male Median Income | $80,307 | $64,701 | $67,746 |
| Female Median Income | $61,559 | $50,787 | $54,793 |
| Gender Pay Gap | 23.3% | 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 Urbandale, it is 0.508, lower than Iowa's 0.518, so income is more 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 30% more than women's income in Urbandale, Iowa.
Income by Sex Over Time
Since 2009, the income gap between men and women in Urbandale, Iowa has widened from about 22% to 23% in 2023.
Employment
| Metric | Urbandale | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 3.6% | 5.2% |
| Working from Home | 15.9% | 10.4% | 13.4% |
| Commute time (minutes) | 17 | 16 | 22 |
The average commute time in Urbandale is 17 minutes, longer than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Urbandale, Iowa has fallen from 3.3% to 3.2% in 2023.
Conclusion
Considering all these factors, Urbandale, Iowa has an overall wealth index grade of A, making it somewhat better than Iowa, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Urbandale, Iowa.
How Wealthy Is Urbandale, Iowa?
Urbandale has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $105,981, about 45% higher than the Iowa average of $73,286.
What is the current median household income in Urbandale, Iowa?
As of 2023, the median household income in Urbandale, Iowa is $105,981.
What was the median household income in Urbandale in 2023?
In 2023, the median household income in Urbandale, Iowa was $105,981.
What was the median household income in Urbandale in 2020?
In 2020, the median household income in Urbandale, Iowa was $90,121.
What is the Gini coefficient in Urbandale, Iowa?
The Gini coefficient in Urbandale is 0.508. 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 Urbandale, Iowa?
Since 2009, the income gap between men and women in Urbandale, Iowa has widened from about 22% to 23% in 2023.