Clive, Grimes, Waukee: These cities aren’t just some of the best places to live in Iowa. They are also home to some of the richest people in the Hawkeye State.
Clive in particular houses the richest residents in the state thanks, in part, to a median household income of $91,696 and a ridiculously low poverty rate of 2.4%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Iowa share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
After analyzing Census data from the 2010-2014 American Community Survey for the 80 places in Iowa with more than 5,000 people, we were left with this set of the ten richest places in the Hawkeye State:
- Sioux Center
- North Liberty
- Pleasant Hill
- Orange City
For more on how we calculated the top ten, read on or skip to the end for the full list. Oh, and the poorest place in Iowa? That would be Red Oak.
How We Determined The Richest Places In Iowa
The first thing that comes to most people’s minds when they think about determining the richest places is simply how much people earn. After all, rich people have really high salaries.
However, we don’t think that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the 2010-2014 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 80 places with more than 5,000 people in Iowa, we ranked each place from 1 to 80 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Clive, crowned the “Richest Place In Iowa”.
You can learn more about the top ten below or skip to the end to see the rankings for all 80 places.
Population: 16,246Median Income: $91,696
Poverty Level: 2.4%
Unemployment Rate: 2.2%
Population: 9,037Median Income: $78,504
Poverty Level: 1.7%
Unemployment Rate: 2.2%
Population: 15,944Median Income: $78,786
Poverty Level: 6.6%
Unemployment Rate: 0.6%
Population: 18,874Median Income: $94,821
Poverty Level: 5.4%
Unemployment Rate: 3.6%
5. Sioux Center
Population: 7,218Median Income: $64,238
Poverty Level: 7.4%
Unemployment Rate: 0.5%
6. North Liberty
Population: 14,503Median Income: $72,470
Poverty Level: 8.1%
Unemployment Rate: 0.7%
Population: 41,157Median Income: $79,909
Poverty Level: 4.5%
Unemployment Rate: 3.9%
8. Pleasant Hill
Population: 9,011Median Income: $73,224
Poverty Level: 5.9%
Unemployment Rate: 2.7%
Population: 9,444Median Income: $80,406
Poverty Level: 1.3%
Unemployment Rate: 4.5%
10. Orange City
Population: 6,130Median Income: $62,273
Poverty Level: 5.2%
Unemployment Rate: 2.4%
There You Have It – The Richest Places In Iowa
Like we said earlier, when we set out to identify the richest places in Iowa, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Iowa. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in IA, according to data:
Poorest: Red Oak
2nd Poorest: Keokuk
3rd Poorest: Ottumwa
For more Iowa reading , check out:
- These Are The 10 Best Places To Live In Iowa
- What This Iowa High School Teacher And His Son Created Will Make Your Day
- These Are The 10 Most Ghetto Cities In Iowa
Detailed List Of Richest Places In Iowa
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