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Iowa Transfer of Wealth

Cedar County, Iowa

Recorded Wealth Transfer

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

  Cedar County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
150 41 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $44.2 39 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $294,764 35 $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

  Cedar 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 $4,889.8 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $565.2 11.6% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $703.4 14.4% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $915.9 18.7% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $1,223.1 25.0% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $1,482.2 30.3% $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 Cedar County, Iowa
County County
rank
State US
Total number federal tax returns filed 7,830 44 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 1,488 39 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $79,924 9 $76,516 $89,230
Average itemized contribution $1,541 96 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 1.9% 99 3.4% 3.3%
 
Adjusted gross income under $50,000 Cedar County, Iowa
County County
rank
State US
Total number federal tax returns filed 6,148 48 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 600 48 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $32,368 24 $32,220 $32,553
Average itemized contribution $1,005 97 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 3.1% 98 4.4% 4.7%
 
Adjusted gross income over $50,000 Cedar County, Iowa
County County
rank
State US
Total number federal tax returns filed 1,682 32 284,540 28,921,408
Number federal income tax returns with itemized contributions 888 38 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $112,056 11 $103,854 $122,564
Average itemized contribution $1,903 95 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 1.7% 99 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

  Cedar County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $26,121 22 $26,540 $29,760
Per capita income (nominal $), 1990 $17,269 16 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $8,852 35 $9,168 $10,188
Percent change in per capita income, 1990-2000 51.3% 49 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $6,468 8 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 24.7% 22 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

  Cedar County, Iowa
County County
rank
State US
Population, 2000 18,187 41 2,926,324 281,421,906
Population, 1990 17,444 43 2,776,831 248,709,873
Population change, 1990-2000 743 31 149,493 32,712,033
Percent population change , 1990-2000 4.3% 26 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

  Cedar County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 177 51 27,836 2,422,430
Average annual deaths, 1995-1999 179 50.5 28,018 2,333,800
Average annual deaths, 1990-1994 162 62 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 9.7 75 9.5 8.6
Average annual death rate/1000 population, 1995-1999 10.0 74 9.7 8.7
Average annual death rate/1000 population, 1990-1994 9.2 86 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
  Cedar County, Iowa
County County
rank
State US
Median age (years) 39.2 52 36.6 35.3
Number 65 or older 2,952 51 436,213 34,991,753
Percent 65 or older 16.2% 71 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

Cedar 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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