Salary Overview for Iowa
The median individual income in Iowa is $35,100 per year, while the mean (average) individual income is $44,210. The median household income is $72,429.
Cost of Living Adjusted Salary
Iowa's cost of living index is 90 (national average = 100). This means the median salary of $35,100 in Iowa has the purchasing power of approximately $39,000 at the national average cost of living. Your dollar goes further in Iowa than in most states.
Minimum Wage in Iowa
The current minimum wage in Iowa is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete Iowa minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in Iowa
- University of Iowa
- UnityPoint Health
- Principal Financial
Major Industries in Iowa
- Agriculture
- Manufacturing
- Finance
Tax Rates in Iowa
See the full tax breakdown including income tax, sales tax, property tax, and more on our Iowa tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in Iowa after federal and state taxes.