Iowa Employment Statistics
84.5% of employees work for a private company. This is 0.7% below the national average of 85.2%. Local government agencies employ 11.1% of the workers in the state, state government agencies employ 3.2% of the workers and the federal government employs 1.1%. The percentage of employees working for a government agency (15.5%) is 0.7% higher than the national average. The chart below illustrates the breakout of employees by type of employer.
- 102,929 employers
- 1,549,881 employees
- $914 average weekly wage
- The average weekly wage is 17.0% below the national average
- The cost of living is 8.2% below the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Iowa, you are most likely to be running a private company rather than a government agency. 93.9% of employers run private companies in the state, 3.1% less than the national average of 97.0. The remaining 6.1% of employers are government agencies: 1.3% work in a federal agency, 1.5% work for the state and 3.3% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in Iowa is $914 per week, which is 17.0% greater than the national average of $1,101 per week. Iowa workers that are employed by private businesses earn $905 per week, 17.7% lower than the national average for private company employees. Employees of federal government agencies in Iowa earn $1,276 per week, a premium of 41.0% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Retail trade with 11.4% of the businesses in the state. Healthcare (10.1%) and Professional services (9.2%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||7,186||7.0%|
|Finance and insurance||6,698||6.5%|
|Transport and warehousing||3,834||3.7%|
|Real estate and rental||3,512||3.4%|
|Agriculture and forestry||2,638||2.6%|
|Arts and entertainment||1,490||1.4%|
|Mining and oil extraction||191||0.2%|
Employees by Sector
The sector with the greatest number of employees in the state is Manufacturing
with 14.4% of the employees in the state. Healthcare
(12.4%) and Retail trade
(11.5%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||122,809||7.9%|
|Finance and insurance||94,215||6.1%|
|Transport and warehousing||58,234||3.8%|
|Arts and entertainment||20,833||1.3%|
|Agriculture and forestry||20,640||1.3%|
|Real estate and rental||14,801||1.0%|
|Mining and oil extraction||2,431||0.2%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Utilities
paying $1,816per week compared with the state average of $905. Company management
($1,619) and Finance and insurance
($1,503) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$1,503||166.1%|
|Mining and oil extraction||$1,126||124.4%|
|Transport and warehousing||$899||99.3%|
|Real estate and rental||$899||99.3%|
|Agriculture and forestry||$791||87.4%|
|Arts and entertainment||$348||38.5%|
|Accommodation and food services||$319||35.2%|
Businesses by Industry
Each broad sector is made up of specific industries. In Iowa. the industry with the most businesses is Restaurants and other eating places
with 4.9% of the businesses in the state (with 5,003 employing 91,824 workers). Computer systems design and related services
(2.3%) and Insurance agencies and brokerages
(2.1%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||5,003||18.4|
|Computer systems design and related services||2,319||5.2|
|Insurance agencies and brokerages||2,191||5.2|
|Residential building construction||1,933||3.3|
|Services for the elderly and disabled||1,733||6.0|
|Gasoline stations with convenience stores||1,613||12.4|
|Offices of physicians||1,409||16.8|
|Offices of lawyers||1,387||4.6|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 5.9% of the businesses in the state. The industry employs 91,824 in 5,003 businesses, there are 18.4 employees on average in each of these businesses. General medical and surgical hospitals
(2.6%) and Supermarkets and other grocery stores
(2.5%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||91,824||18.4|
|General medical and surgical hospitals||40,781||258.1|
|Supermarkets and other grocery stores||38,018||54.0|
|Animal slaughtering and processing||31,948||206.1|
|Nursing care facilities skilled nursing||28,276||73.3|
|General merchandise stores including warehouse clubs and supercenters||24,451||44.1|
|Temporary help services||24,300||24.4|
|Offices of physicians||23,653||16.8|
|Gasoline stations with convenience stores||19,985||12.4|
Average Weekly Wage by Industry
The industry that pays their employees the most is Other financial vehicles
, paying $8,131 compared with the state average of $905. Trusts estates and agency accounts
($3,993) and Open-end investment funds
($3,923) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Other financial vehicles||$8,131||898.5|
|Trusts estates and agency accounts||$3,993||441.2|
|Open-end investment funds||$3,923||433.5|
|Investment banking and securities dealing||$2,794||308.7|
|Commodity contracts dealing||$2,484||274.5|
|Druggists' goods merchant wholesalers||$2,403||265.5|
|Electronic instrument manufacturing||$2,174||240.2|
|Computer and software merchant wholesalers||$2,119||234.1|
Iowa Businesses by Size
company, has the most businesses in Iowa by far. 57.0% of all businesses in the state have fewer than 5 employees. The 92,002 small businesses in the state represent 95.5% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Iowa Employees by Business Size
The largest companies in the state represent 119.3% of all employees, which is 19.1% lower than the national average of 138.4%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 94.3% of all workers, which is 2.8% higher than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 620.7% of the labor force in the state, 70.7% more than the national average of 550.0%.
Iowa Avg Weekly Wages by Business Size
Iowa workers in every size business are paid less than the national average. The smallest companies in Iowa (those with fewer than 5 employees) pay workers 17.2% less than the national average ($832 per week as compared to the national average of $975 per week). The largest companies in Iowa (those with more than 1,000 employees) pay 28.8% workers below the national average ($1,461 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.