Financial Profile: Iowa
Financial landscape, tax rates, cost of living, and median income scoring for Iowa residents.
Iowa at a Glance
Avg Salary
$54,000
Cost of Living
90
Top Tax Rate
5.7%
Adjusted Income
$60,000
Monthly Take-Home
$3,525
Max Rent (30%)
$1,350
Financial Genome at Median Income
Scores calculated for someone earning $54,000/yr in Iowa with typical expenses.
PPI
53
C+
FPI
25
F
LRS
53
C+
REW
30
D
Living in Iowa: Financial Overview
Iowa has a flat 5.7% income tax rate after recent reforms. Some school districts levy local taxes.
- Flat tax rate (recent reform)
- Low cost of living
- Strong agricultural economy
Major Cities
Des Moines, Cedar Rapids, Davenport, Sioux City
With a cost of living index of 90 (below the national average of 100), your dollar goes further in Iowa. A $60,000 salary here has the purchasing power equivalent of $66,666 in an average-cost area.
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