Convert your annual salary to hourly, daily, weekly, biweekly, and monthly pay in seconds. Enter your salary and work schedule to see your full pay breakdown for Iowa in 2026.
Iowa minimum wage: $7.25/hour | State avg: $28.37/hour
Iowa follows the federal minimum wage of $7.25/hour. Average annual salary is approximately $59,000. Iowa's income tax is being reduced to a flat 3.9%. Des Moines has a growing financial services and insurance sector. Iowa's low cost of living means a $59,000 salary provides strong purchasing power. When comparing job offers across states, the purchasing power adjusted salary matters as much as the nominal figure.
| Pay Metric | Iowa 2026 |
|---|---|
| State Minimum Wage | $7.25/hour |
| Minimum Wage (Annual, FT) | $15,080/year |
| Approx. Average Annual Salary | $59,000/year |
| Average Hourly Rate | $28.37/hour |
| Average Biweekly Pay | $2,269/paycheck |
| Average Monthly Pay | $4,917/month |
| Standard Full-Time Hours | 2,080 hours/year (40 hrs/wk × 52) |
| Overtime Threshold | 40 hours/week (FLSA) |
| Annual Salary | Hourly (40 hrs) | Monthly | Biweekly | Weekly |
|---|---|---|---|---|
| $30,000 | $14.42 | $2,500 | $1,154 | $577 |
| $40,000 | $19.23 | $3,333 | $1,538 | $769 |
| $50,000 | $24.04 | $4,167 | $1,923 | $962 |
| $60,000 | $28.85 | $5,000 | $2,308 | $1,154 |
| $75,000 | $36.06 | $6,250 | $2,885 | $1,442 |
| $100,000 | $48.08 | $8,333 | $3,846 | $1,923 |
| $120,000 | $57.69 | $10,000 | $4,615 | $2,308 |
| $150,000 | $72.12 | $12,500 | $5,769 | $2,885 |
Based on 40 hours/week, 52 weeks/year (2,080 hours). Gross figures before taxes.
The average annual salary in Iowa is approximately $59,000/year, which equals $28.37/hour on a standard 40-hour workweek. This is a statewide average — wages vary significantly by industry, experience, education, and location within Iowa.
The minimum wage in Iowa is $7.25/hour as of 2026. Working full-time (2,080 hours/year), that equals $15,080/year gross before taxes. After federal income tax and FICA, take-home pay on minimum wage is approximately $12,365-$12,968/year depending on deductions.
Divide your annual salary by 2,080 (52 weeks × 40 hours) for a standard full-time position. Example: $60,000 ÷ 2,080 = $28.85/hour. For part-time or different schedules, multiply your weekly hours by 52 to get annual hours, then divide. The calculator above does this automatically and shows all pay periods.
$20/hour × 2,080 hours/year = $41,600/year gross before taxes. After federal taxes (assuming single filer, standard deduction) and FICA, take-home is approximately $33,000–$35,000/year, or about $2,750–$2,900/month. In Iowa, with typical expenses around $1,940/month, a $20/hour income is tight but livable, especially with a roommate or lower housing costs.
A living wage for a single adult in Iowa (covering housing, food, transportation, healthcare, and basic personal expenses without government assistance) is approximately $18-$25/hour depending on your specific city and circumstances. For a family of four with two earners, the target rises to $25-$35/hour per earner. See the budget calculator for a detailed breakdown of typical monthly expenses in Iowa.