Clay County, Iowa
Income Data
At a Glance
How Clay County Compares
Detailed Income Statistics
Data Story
About Household Income in Clay County, Iowa
Clay County income lags nationwide trends
Clay County's median household income of $64,082 falls 14.3% short of the U.S. median of $74,755, placing it solidly in the lower-income category nationally. This gap reflects broader rural income challenges and limited wage growth in smaller Iowa communities.
Below average within Iowa
At $64,082, Clay County ranks among Iowa's lower-income counties, trailing the state average of $69,830 by $5,748. Its per capita income of $37,963 slightly exceeds the state average of $37,136, suggesting relatively even income distribution across residents.
Lower earner among regional peers
Clay's $64,082 median income ranks near the bottom of this eight-county cluster, just ahead of Clayton County's $62,326. Only Clayton and Cherokee (at $64,478) approach Clay's income level, while Chickasaw's $73,421 represents a nine-county income advantage.
Tight but sustainable housing costs
Clay's 14.9% rent-to-income ratio indicates manageable housing expenses with modest financial breathing room compared to national stress levels. However, with a median home value of $171,500—the highest among these eight counties—Clay households face the steepest homeownership challenge relative to income.
Smart saving strategies for Clay County
Clay households earning $64,082 must balance higher home values with moderate income, making disciplined saving essential—prioritize a fully-funded emergency fund before aggressive investing. Automate contributions to a Roth IRA or employer 401(k) to capture tax advantages and employer matching, building wealth systematically despite tighter margins.
Frequently Asked Questions
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County median: $64,082 per year
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.