Wealth Index
Wealthier than 89% of counties in Wisconsin
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 | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,950 | $75,766 | $78,145 |
| Median Personal Income | $57,414 | $60,217 | $61,726 |
| Average income growth | 5.3% | 4.7% | 5.1% |
| Six-Figure Earners | 9.9% | 10.6% | 13.2% |
The median household income in Iowa County is about 8% higher than in Wisconsin. Income has been growing faster in Iowa County (5.3%/yr) than in Wisconsin (4.7%/yr).
About 10% of adults in Iowa County earn six figures ($100,000 or more) a year, lower than the Wisconsin average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Iowa County, Wisconsin grew by 49.1% from 2009 to 2023, reaching $81,950 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Iowa County | Gender Pay Gap | Gini Coefficient
| Metric | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.477 | 0.516 | 0.570 |
| Male Median Income | $61,651 | $65,881 | $67,746 |
| Female Median Income | $51,950 | $53,174 | $54,793 |
| Gender Pay Gap | 15.7% | 19.3% | 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 Iowa County, it is 0.477, lower than Wisconsin's 0.516, 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 19% more than women's income in Iowa County, Wisconsin. Over a 35-year career, a 19% wage gap accumulates to roughly $339,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Iowa County, Wisconsin has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $886 since 2009.
Employment
| Metric | Iowa County | Wisconsin Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 3.3% | 5.2% |
| Working from Home | 13.8% | 11.6% | 13.4% |
| Commute time (minutes) | 22 | 18 | 22 |
Approximately 430 people are unemployed in Iowa County, Wisconsin.
The average commute time in Iowa County is 22 minutes, longer than the 18 minutes in Wisconsin.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Iowa County, Wisconsin has fallen from 4.9% to 3.3% in 2023.
Conclusion
Considering all these factors, Iowa County, Wisconsin has an overall wealth index grade of B, making it somewhat better than Wisconsin, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Iowa County, Wisconsin.
How Wealthy Is Iowa County, Wisconsin?
Iowa 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 $81,950, about 8% higher than the Wisconsin average of $75,766.
What is the current median household income in Iowa County, Wisconsin?
As of 2023, the median household income in Iowa County, Wisconsin is $81,950.
What was the median household income in Iowa County in 2023?
In 2023, the median household income in Iowa County, Wisconsin was $81,950.
What was the median household income in Iowa County in 2020?
In 2020, the median household income in Iowa County, Wisconsin was $68,619.
What is the Gini coefficient in Iowa County, Wisconsin?
The Gini coefficient in Iowa County is 0.477. 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 Iowa County, Wisconsin?
Since 2009, the income gap between men and women in Iowa County, Wisconsin has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $886 since 2009.