According to the Bureau of Economic Analysis, in 2001, Iowa had a per capita personal income (PCPI) of $27,225 which ranked 34th in the United States (including the District of Columbia) and was 90% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.6% from 2000 compared to the national change of 2.2%. In 2001, Iowa had a total personal income (TPI) of $79,822,447,000 which ranked 30th in the United States and accounted for 0.9% of the national total. The 2001 TPI reflected an increase of 2.7% from 2000 compared to the national change of 3.3%.
Earnings of persons employed in Iowa increased from $54,045,705,000 in 2000 to $54,994,332,000 in 2001, an increase of 1.8%. The largest industries in 2001 were services, 24.1% of earnings; state and local government, 14.1%; and durable goods manufacturing, 11.9%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was durable goods manufacturing, which decreased 2.9%; the fastest was state and local government, which increased 6.4%.
According to data released by the US Census Bureau, in 2000, the median household income was $42,993 compared to the national average of $42,148. In 2001, the median income for a family of four was $61,656 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 7.7% which placed it 5th among the 50 states and the District of Columbia ranked lowest to highest.