Fayette County, Iowa
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Fayette County Compares
Detailed Income Statistics
Income Advisory: Fayette County
Income Verdict
Fayette County has a median household income of $58,764 and per capita income of $32,982 — a gap of $25,782, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $813/month and a median household income of $58,764, rent consumes approximately 16.6% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $58,764, residents of Fayette County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $32,982 is in line with national norms for individual earners.
Neighbor Context
Fayette County earns approximately 15.8% below the Iowa state median household income of $69,830.
Data Story
About Household Income in Fayette County, Iowa
Fayette's Income Lags National Average
Fayette County's median household income of $58,764 falls 21% below the national median of $74,755. This places the county among the lower-income communities nationally, signaling economic challenges that many rural Midwestern counties face.
Below Average Within Iowa
At $58,764, Fayette ranks below Iowa's state median of $69,830, putting it in the lower tier of Iowa counties by household income. The county's per capita income of $32,982 also trails the state average of $37,136.
Among the Lowest in the Region
Neighboring Floyd County earns $64,500 and Grundy County reaches $83,617, both significantly outpacing Fayette's income levels. The disparity suggests economic divergence even within this cluster of north-central Iowa counties.
Housing Remains Affordable Here
Fayette's rent-to-income ratio of 16.6% is manageable, meaning housing costs consume less than one-fifth of typical household earnings. With a median home value of $130,800, homeownership remains accessible despite modest incomes.
Build Financial Resilience Today
Fayette households earning $58,764 annually should prioritize building emergency savings and exploring retirement accounts like IRAs to maximize tax-advantaged growth. Even modest, consistent investments compound significantly over time and can help narrow wealth gaps.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Fayette County median
County median: $58,764 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($4,897) vs. median rent ($813/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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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.