Hourly to Salary for Iowa (2026)
Iowa (IA) Key Facts
Minimum Wage
$7.25/hr
Minimum Annual Salary (at 40 hrs/wk)
$15,080
Median Hourly Rate
$29.81/hr
Median Household Income
$62,000
State Income Tax Rate
5.7%
How This Calculator Works in Iowa
This calculator converts an hourly wage to its annual, monthly, biweekly, and weekly salary equivalents for workers in Iowa. Enter your hourly rate and work schedule to see the breakdown. It uses the standard 2,080-hour work year by default and can be adjusted for different weekly hours or weeks per year to match your actual schedule.
Iowa Overview
Iowa's minimum wage is $7.25/hr per hour — Iowa matches the federal minimum wage of $7.25/hr. Several Iowa cities attempted local increases but were preempted by state law. The median hourly wage in Iowa is approximately $29.81/hr, and the median household income is $62,000. Iowa preempts local minimum wage ordinances, so the $7.25/hr federal rate applies uniformly. The state's low cost of living gives the wage more purchasing power than in high-cost states.
How Iowa Compares
Iowa's minimum wage of $7.25 is lower than neighboring Minnesota's $11.13. The median hourly rate of $29.81 is below Minnesota's $37.02. States with higher minimum wages generally have higher costs of living — Iowa's cost of living index is 89 compared to the national average of 100.
| State | Top Rate | Notes |
|---|---|---|
| Minnesota | $11.13/hr min wage | Minnesota has a minimum wage of $11.13, a median hourly rate of approximately $37.02, and a state income tax rate up to 9.85%. |
| Wisconsin | $7.25/hr min wage | Wisconsin has a minimum wage of $7.25, a median hourly rate of approximately $30.77, and a state income tax rate up to 7.65%. |
| Illinois | $14.00/hr min wage | Illinois has a minimum wage of $14.00, a median hourly rate of approximately $34.62, and a state income tax rate up to 4.95%. |
The federal minimum wage is $7.25 per hour, which translates to $15,080 annually at full time. Iowa's minimum wage of $7.25 yields an annual salary of $15,080. The median hourly wage in Iowa is approximately $29.81, which is above the national median of roughly $26.44 per hour.
Tips for Iowa Residents
- 1Iowa uses the federal $7.25/hr minimum wage. The state's below-average cost of living, especially in housing, gives that wage more practical value than the same rate in coastal states. Use the state minimum as a baseline when evaluating hourly job offers in Iowa.
- 2The standard conversion assumes 2,080 working hours per year (40 hours/week times 52 weeks). Adjust for unpaid time off if your employer does not offer paid vacation.
- 3Iowa has a state income tax with a top rate of 5.7%. Factor in both state and federal taxes when estimating take-home pay from your hourly rate.
- 4If you regularly work overtime in Iowa, your effective annual salary will be higher than the standard 40-hour calculation. Use the overtime calculator for a more precise estimate.
- 5When comparing hourly pay to a salaried offer, add the value of benefits like health insurance, retirement contributions, and paid time off — these typically represent 20-30% of additional compensation value.