Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $54,843 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $29,064 |
| Persons in poverty, percent | 16.0% |
What income is considered poverty level in Iowa?
Most of these supports base eligibility and benefit levels on a ratio of income to the federal poverty level (FPL). The FPL for a family of three in 2021 was $21,960. [2] A self-sufficiency wage in Iowa is about 200 percent to 250 percent of, or twice to 2½ times, the official federal poverty guideline (Figure 8).
Is Des Moines a poor city?
Des Moines had 31,038 people — about 14.6 percent of the population — living in poverty in 2017. In 2016, 16.2 percent of Des Moines residents were living in poverty. Four years before, that figure was 19 percent.
What is the federal poverty level for 2022?
HHS Poverty Guidelines for 2022
| 2022 POVERTY GUIDELINES FOR THE 48 CONTIGUOUS STATES AND THE DISTRICT OF COLUMBIA | |
|---|---|
| Persons in family/household | Poverty guideline |
| 1 | $13,590 |
| 2 | $18,310 |
| 3 | $23,030 |
What is considered middle class in Iowa?
Here’s how Iowa fared: Median household income of middle class families: $75,953. Median household income change of middle class: -3.8% In-state tuition and fees: $8,270.
What is a livable salary in Iowa?
Living Wage Calculation for Iowa
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 1 Child | |
| Living Wage | $16.18 | $31.47 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |
How much money do you need to make to live in Iowa?
It stated that a young, single adult would need to earn at least $11.69 per hour working full time to meet basic costs of living in Iowa. The Iowa City organization estimates that it takes more than double the federal poverty rate to earn enough to pay for basic expenses.
What is the poorest town in Iowa?
Lamoni, the southern Iowa home to about 2,600 residents, is the poorest town in the state, 24/7 Wall Street found.
What is the poorest county in Iowa?
Appanoose
Appanoose was ranked the poorest county in Iowa in a Wall St. 24/7 analysis of the least affluent regions in all 50 states. Appanoose recorded a median household income of $40,377 annually, based on 2017 U.S. Census Bureau data.
Is Iowa the poorest state?
In contrast, the nation’s poorest state has a poverty rate twice that.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| North Carolina | $76,940 |
| Ohio | $76,958 |
| Michigan | $78,400 |
| Iowa | $78,411 |
What is considered low income?
Poverty in the United States
In 2020, the median U.S. household income is $67,521. That’s 6.9% lower than the $69,560 median in 2019.
What is my federal poverty line?
Current Federal Poverty Level (FPL)
Thus, since the federal poverty level (FPL) for a family of two is $18,310 in 2022, a family of three would have a poverty level set at $18,310 + $4,720 = $23,030 (in any state other than Hawaii or Alaska).
What is the new poverty line?
The new global poverty line is set at $2.15 using 2017 prices. This means that anyone living on less than $2.15 a day is considered to be living in extreme poverty. Just under 700 million people globally were in this situation in 2017.
What is a good salary in Des Moines?
A good salary in Des Moines, IA is anything over $41,000. That’s because the median income in Des Moines is $41,000, which means if you earn more than that you’re earning more than 50% of the people living in Des Moines. The average salary in Des Moines is $47,378. A good hourly wage in Des Moines is $19.71 per hour.
What is a good salary for a single person in Iowa?
In Des Moines and West Des Moines, a single person must make more than $24,659 before taxes annually to be considered middle class, according to the calculator. The same single-person household is upper class starting at $73,975 annually.
What is the cost of living in Des Moines Iowa?
Des Moines cost of living is 81.2
| COST OF LIVING | Des Moines | Iowa |
|---|---|---|
| Grocery | 96 | 94.4 |
| Health | 114.8 | 121.5 |
| Housing | 60.9 | 61.1 |
| Median Home Cost | $168,700 | $161,700 |
How much money does a single person need to live comfortably?
This means a single person needs to make at least $66,434 after taxes to live comfortably. After their basic living expenses are covered, an individual could spend $19,930 on wants and set $13,287 aside for savings or debt paydown.
Who makes the most money in Iowa?
The four highest-paid state employees are, yep, you guessed it, the men’s basketball and football coaches at the University of Iowa and Iowa State University. Kirk Ferentz stands alone atop the list, earning five million dollars in 2018.
What does the average person make in Iowa?
How much does an Average make in Iowa? As of Jul 18, 2022, the average annual pay for the Average jobs category in Iowa is $57,940 a year. Just in case you need a simple salary calculator, that works out to be approximately $27.86 an hour. This is the equivalent of $1,114/week or $4,828/month.
Is it cheaper to live in Texas or Iowa?
Iowa is 1.0% more expensive than Texas.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.