Monona County, Iowa
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Monona County Compares
Detailed Income Statistics
Income Advisory: Monona County
Income Verdict
Monona County has a median household income of $62,944 and per capita income of $34,565 — a gap of $28,379, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $795/month and a median household income of $62,944, rent consumes approximately 15.2% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $62,944, residents of Monona County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $34,565 is in line with national norms for individual earners.
Neighbor Context
Monona County earns approximately 9.9% below the Iowa state median household income of $69,830.
Data Story
About Household Income in Monona County, Iowa
Monona County income lags national benchmark
Monona County's median household income of $62,944 falls $11,811 short of the national median of $74,755, representing a 16% gap. This income level reflects challenges common to many rural agricultural counties nationwide.
Lower-income region of Iowa
Monona County ranks among Iowa's lower-income counties with a median household income of $62,944, notably below the state average of $69,830. This $6,886 shortfall places the county in the bottom tier of state earners.
Monona trails most surrounding counties
Monona County households earn $5,760 less than Mitchell County ($68,704) and $8,574 less than Monroe County ($72,518). The county faces steeper income challenges than most adjacent regions.
Housing takes larger bite of income
A 15.2% rent-to-income ratio means Monona County residents spend roughly $152 monthly in rent per $1,000 of income—approaching affordability pressure points. While still manageable, housing costs consume a notably larger share of income than wealthier counties.
Focus on maximizing every income dollar
With median household income 16% below the national average, Monona County families benefit from prioritizing financial discipline and intentional saving. Build emergency funds first, explore all available retirement account options, and consider income diversification to strengthen household financial resilience.
Frequently Asked Questions
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Income Comparison Calculator
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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.