Monroe County, Iowa
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Monroe County Compares
Detailed Income Statistics
Income Advisory: Monroe County
Income Verdict
Monroe County has a median household income of $72,518 and per capita income of $35,430 — a gap of $37,088, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $787/month and a median household income of $72,518, rent consumes approximately 13.0% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $72,518 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $35,430 is in line with national norms for individual earners.
Neighbor Context
Monroe County earns approximately 3.8% above the Iowa state median household income of $69,830, positioning it favorably within the state.
Data Story
About Household Income in Monroe County, Iowa
Monroe County slightly below national average
Monroe County's median household income of $72,518 falls $2,237 short of the national median of $74,755, a modest 3% gap. The county remains close to typical American income levels despite rural economic pressures.
Mid-level earner in Iowa's income distribution
Monroe County ranks at the state average with a median household income of $72,518, very close to Iowa's $69,830 median. The county exemplifies middle-income rural Iowa.
Monroe ranks among stronger nearby counties
Monroe County households earn $9,574 more than Monona County ($62,944) and $1,328 more than Mitchell County ($68,704). The county outperforms most surrounding rural regions.
Housing costs remain well-managed here
A 13.0% rent-to-income ratio indicates Monroe County residents spend roughly $130 monthly in rent per $1,000 of income—solidly within healthy affordability ranges. Median incomes support reasonable housing expense levels.
Build wealth on solid rural foundation
Monroe County's median income aligns with state averages and affordable housing costs create financial stability for wealth-building. Prioritize consistent retirement contributions, explore home equity opportunities, and consider long-term investment strategies suited to rural economic stability.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $72,518 per year
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Income Adequacy
Your monthly income ($6,043) vs. median rent ($787/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.