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Iowa Transfer of Wealth

Adair County, Iowa

Recorded Wealth Transfer

Table A. Annual average recorded wealth transfer, Iowa, 1998-2002

  Adair County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
75 86 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $20.8 84 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $278,436 46 $274,425

Source: Community Vitality Center and Iowa Court Information Systems


Projected Wealth Transfer

Table B. Projected wealth transfer by decade (millions nominal $ inflated at 2% annually),
Iowa, 2000-2049

  Adair County, Iowa
County State
millions nominal $
inflated at 2% per year
percent of
50 year transfer
millions nominal $
inflated at 2% per year
percent of
50 year transfer
Projected wealth transfer, 50 years, 2000-2049 $1,632.8 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $244.8 15.0% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $269.3 16.5% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $304.8 18.7% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $375.2 23.0% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $438.8 26.9% $167,963.0 31.6%

Source: Community Vitality Center


Charitable Giving

Table C. Average income and charitable contributions, federal income tax returns,
Iowa, 1997*

All income levels Adair County, Iowa
County County
rank
State US
Total number federal tax returns filed 3,274 92 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 365 92 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $68,422 36 $76,516 $89,230
Average itemized contribution $2,268 46 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.3% 56 3.4% 3.3%
 
Adjusted gross income under $50,000 Adair County, Iowa
County County
rank
State US
Total number federal tax returns filed 2,803 93 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 188 93 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $27,218 88 $32,220 $32,553
Average itemized contribution $1,335 66 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 4.9% 41 4.4% 4.7%
 
Adjusted gross income over $50,000 Adair County, Iowa
County County
rank
State US
Total number federal tax returns filed 471 90 284,540 28,921,408
Number federal income tax returns with itemized contributions 177 92 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $112,186 10 $103,854 $122,564
Average itemized contribution $3,260 27 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 2.9% 57 3.2% 3.2%

*most recent year for which county information is available

Source: Community Vitality Center, Urban Institute National Center for Charitable Statistics and U.S. Internal Revenue Service


Income

Table D. Total per capita income and per capita income from dividends, interest
and rent, Iowa, 1990-2000

  Adair County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $24,437 48 $26,540 $29,760
Per capita income (nominal $), 1990 $15,599 61 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $8,838 36 $9,168 $10,188
Percent change in per capita income, 1990-2000 56.7% 27 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $6,142 18 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 25.2% 17 20.6% 19.0%

Source: Community Vitality Center and Bureau of Economic Analysis, U.S. Department of Commerce


Total Population

Table E. Population, Iowa, 1990-2000

  Adair County, Iowa
County County
rank
State US
Population, 2000 8,243 88 2,926,324 281,421,906
Population, 1990 8,409 85 2,776,831 248,709,873
Population change, 1990-2000 -166 66 149,493 32,712,033
Percent population change , 1990-2000 -2.0% 76 5.4% 13.2%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


Deaths

Table F. Deaths and death rates, Iowa, 1990-2002

  Adair County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 110 82 27,836 2,422,430
Average annual deaths, 1995-1999 118 84 28,018 2,333,800
Average annual deaths, 1990-1994 114 87 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 13.6 11 9.5 8.6
Average annual death rate/1000 population, 1995-1999 14.2 9 9.7 8.7
Average annual death rate/1000 population, 1990-1994 13.5 13 9.7 8.7

Source: Community Vitality Center and Iowa Department of Public Health


Age

Table G. Median age and age 65 or older,
Iowa, 2000
  Adair County, Iowa
County County
rank
State US
Median age (years) 41.8 11 36.6 35.3
Number 65 or older 1,821 83.5 436,213 34,991,753
Percent 65 or older 22.1% 8 14.9% 12.4%

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce

 

Percent of population by age group, Iowa, 2000

Adair County age graph

Source: Community Vitality Center and U.S. Census Bureau, U.S. Department of Commerce


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A Catalyst For Creating Real Impact In Real Communities

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