Average Salary in Iowa

State of United States · Data verified 2026-01-01

Minimum wage

$7.25 /hr

Average salary $4,000 /mo

Matches United States national rate #40 of 56 state Since 2009-07-24

With a population of 3.2 million, Iowa is a state of United States whose economy centers on agriculture and manufacturing. The state follows the national minimum wage of $7.25 per hour. Workers earn an average gross salary of $4,000 per month. The cost of living is 12% below the national average. The median household income is $72,429 per year.

• AT A GLANCE

Rank: #40 of 56; state
vs National: =; United States floor
Annual (est.): $15,080; full-time, before tax
Change Since 2018: +0%; nominal wage

Wage Breakdown

Hourly: $7.25
Monthly: $1,256.64 Based on 173.33 hours/month (40 hrs/week)
Annual: $15,080 Based on 2,080 hours/year

Iowa's state minimum wage is $7.25/hr, matching the federal minimum. The state minimum wage has not been raised since 2008 (state) / 2009 (federal). Iowa law preempts local governments from setting higher minimum wages within the state.

At this rate, a full-time worker earns approximately $15,080 /yr before tax. Whether that covers living costs depends on local prices. See United States purchasing power context.