Salary to Hourly for Iowa (2026)
Iowa (IA) Key Facts
Median Household Income
$62,000
Median Hourly Equivalent
$29.81/hr
Minimum Wage
$7.25/hr
State Income Tax Rate
5.7%
Cost of Living Index
89
How This Calculator Works in Iowa
This calculator converts an annual salary to its hourly, daily, weekly, biweekly, and monthly equivalents for Iowa workers. Enter your salary and work schedule to see the full breakdown. It uses the standard assumption of 40 hours per week and 52 weeks per year by default, but you can customize both values to match your actual working conditions for a more accurate result.
Iowa Overview
Iowa's median household income of $62,000 converts to an hourly equivalent of approximately $29.81/hr based on a standard 2,080-hour work year. Iowa 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. With a cost of living index of 89, the real purchasing power of that hourly rate should be evaluated relative to where you live and work.
How Iowa Compares
Iowa's median hourly equivalent of $29.81 is lower than neighboring Minnesota's $37.02. Iowa's cost of living index of 89 is lower than Minnesota's 97, meaning the real purchasing power gap shifts when cost of living is considered.
| State | Top Rate | Notes |
|---|---|---|
| Minnesota | $77,000 median income | Minnesota has a median household income of $77,000, translating to an hourly equivalent of approximately $37.02. Its top state income tax rate is 9.85%. |
| Wisconsin | $64,000 median income | Wisconsin has a median household income of $64,000, translating to an hourly equivalent of approximately $30.77. Its top state income tax rate is 7.65%. |
| Illinois | $72,000 median income | Illinois has a median household income of $72,000, translating to an hourly equivalent of approximately $34.62. Its top state income tax rate is 4.95%. |
The national median household income is approximately $75,000, which translates to roughly $36.06 per hour. Iowa's median of $62,000 ($29.81/hr) is below the national median. When adjusted for Iowa's cost of living index of 89, the purchasing power is enhanced compared to the national average.
Tips for Iowa Residents
- 1To convert a salary to an hourly rate, divide the annual salary by 2,080 (40 hours times 52 weeks). Iowa's median income of $62,000 equals approximately $29.81/hr per hour.
- 2If you work more than 40 hours per week as a salaried employee, your effective hourly rate drops. Divide your salary by your actual annual hours to find your true hourly equivalent.
- 3Iowa 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.
- 4Iowa's state income tax (top rate 5.7%) reduces your effective hourly earnings. Consider an after-tax calculation for a realistic comparison to hourly job offers.
- 5When evaluating a salaried position in Iowa, factor in benefits like health insurance, retirement matching, and paid time off — these typically add 20-30% to total compensation beyond the hourly rate equivalent.