Madrid employment information

IndexMadridIowaNational
Income per capita$24,880$28,872$29,829
Median household income$60,457$54,570$55,322
Median income owner occupied$65,577$66,527$70,586
Median income renter occupied$39,917$30,828$35,192
Median earnings male$37,569$37,409$36,919
Median earnings female$31,996$25,115$26,250
Unemployment rate1.6%3.1%4.7%
Poverty level7.5%12.3%15.1%
The Madrid, IA employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Madrid is $24,880, which is 14% lower than than the Iowa average and 17% lower than than the national average. The median household income is $60,457, which is 11% higher than than the Iowa average and 9% higher than than the national average. The unemployment rate in Madrid is 2%, which is 65% lower than than the national average. The poverty rate in Madrid is 7% which is 51% lower than than the national average.

am i middle class

$Input your household income
$40,300$60,457$120,914
City
$36,376$54,570$109,140
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Madrid is 17% lower than the national average.
  • The median household income in Madrid is 9% higher than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Madrid is 65% lower than the national average.
  • The poverty level in Madrid is 51% lower than the national average.

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Compare Madrid, IA Employment To Other Cities

Employment status

Hours worked per week

Madrid median earnings by income bracket

Madrid employment by industry

Labour TypeMaleFemale
Construction industry25.0%0.4%
Manufacturing sector12.1%2.0%
Financial & insurance services2.1%16.2%
Wholesale & retail services13.6%10.5%
Public administration6.7%2.0%
Transportation, warehousing & utilities6.5%0.5%
Education, health & social services17.4%39.4%
Other15.2%25.8%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Johnston, IA19,491$95,56573%
Alleman, IA499$90,83364%
Polk City, IA4,115$90,21663%
Grimes, IA10,422$83,12550%
Ankeny, IA53,413$76,76039%
Madrid, IA2,585$60,4579%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Mountain View CDP, CA2,585$63,63015%
Canton, MO2,585$37,60432%
Sandusky, MI2,583$27,10651%
Conrad, MT2,587$39,43229%
Peapack and Gladstone, NJ2,588$117,200112%
Madrid, IA2,585$60,4579%
Source: The Madrid, IA employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).