Iowa
Iowa ranks among the top ten states for 20 indicators, and ranks among the lowest
ten states for no indicators.
Residents of Iowa, compared to those of other states, have had relatively more
success in gaining job-based and related income assets, accumulating financial
assets, and building human capital, with slightly worse outcomes for the latter.
State
Indicator State U.S.
Rank
JOB-BASED AND RELATED INCOME ASSETS
JOB-BASED INCOME
Access to Jobs
1. Employed or Seek Jobs 71.9% 67.1% 11
2. Want Jobs But Can't Find Them 2.6% 4.8% 4
3. Want Full-Time Jobs, But Have Only Part-Time Ones 7.2% 10.6% 7
Cash Income Gained From Jobs
4. Average Annual Pay from Jobs $27,928 $35,296 37
5. Jobs That Pay Below a Poverty Wage 25.1% 26.8% 20
Non-Cash Income Gained From Jobs
6. Jobs That Provide Health Insurance 72.5% 64.1% 4
OVERALL INCOME
Level of Income
7. Median Family Income $46,941 $49,507 26
Income Relative to Basic Needs
8. Families Below the Poverty Level 7.5% 9.6% 18
9. Working Families Below a Family Budget 20.9% 27.6% 12
Ability to Meet Basic Needs
10. Food Insecurity 7.0% 9.7% 6
11. Housing Insecurity 38.8% 41.4% 21
Inequality of Income
12. Bottom Fifth's Share of All Personal Income 5.5% 4.9% 5
13. Bottom Fifth's Share of All Personal Income Compared to the Top
Fifth's Share 12.7% 11.2% 6
HUMAN CAPITAL
KNOWLEDGE AND SKILLS
Credentials (High School)
14. Graduation from High School 89.7% 85.5% 9
15. Drop Out of High School 7.0% 9.0% 9
16. Drop Out Before High School 4.5% 7.0% 14
Credentials (Post-Secondary)
17. Attainment of Associate Degree 29.9% 31.5% 31
18. Attainment of Bachelor’s Degree 25.5% 24.9% 22
19. Attainment of Graduate or Professional Degree 6.9% 9.0% 37
Competency Level
20. Lack of Literacy 38.0% N/A 10
21. Inability to Speak English Very Well 3.1% 8.5% 20
HEALTH
22. Health Care Coverage 91.3% 86.0% 6
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Iowa
100% 100%
80% 80%
60% State 60%
U.S.
40% 40%
20% 20%
0% 0%
Attainment Home Ownership Jobs That Working Lack of
of Ownership of Assets Pay Below Families Literacy*
Associate That Pay a Poverty Below a
Degree (or Interest Wage Family
Higher) Budget
Note: Higher percentage reflects a better outcome Note: Higher percentage reflects a worse outcome
* U.S. figures not available
State
Indicator State U.S.
Rank
FINANCIAL ASSETS
OWNERSHIP OF FINANCIAL ASSETS
Overall Rate of Financial Asset Ownership
23. Home Ownership 75.2% 67.4% 6
24. Assets That Pay Interest 62.4% 52.6% 6
25. Assets That Pay Dividends 28.7% 25.3% 9
26. Assets Targeted to Retirement (Pensions and Annuities) 49.0% 49.0% 27
Inequality in the Rate of Financial Asset Ownership
27. Assets That Pay Interest - Low Income Households 45.5% 32.6% 2
28. Assets That Pay Interest - Moderate Income Households 62.7% 51.8% 8
29. Assets That Pay Dividends - Low Income Households 17.5% 13.5% 9
30. Assets That Pay Dividends - Moderate Income Households 25.1% 20.0% 2
31. Assets Targeted to Retirement (Pensions and Annuities) –
Low Income Households 36.5% 34.5% 18
32. Assets Targeted to Retirement (Pensions and Annuities) –
Moderate Income Households 51.6% 52.5% 34
Inequality in Amount Owned
33. Assets That Pay Interest - High Income Compared to
Low Income Households 23.0 35.9 2
34 Assets That Pay Dividends - High Income Compared
to Moderate Income Households 12.5 18.3 3
35. Assets That Pay Dividends - High Income Compared
to Low Income Households 76.9 88.6 18
36. Assets Targeted to Retirement (Pension and Annuities) -
High Income Compared to Moderate Income Households 35.1 39.2 10
37. Assets Targeted to Retirement (Pension and Annuities) -
High Income Compared to Low Income Households 8.2 8.9 17
38. Assets Targeted to Retirement (Pension and Annuities) -
High Income Compared to Moderate Income Households 3.5 3.3 32
FINANCIAL DISTRESS
39. Personal Bankruptcy Rate (per thousand households) 9.8 14.3 11
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