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Iowa Transfer of Wealth

Howard County, Iowa

Recorded Wealth Transfer

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

  Howard County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
91 82 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $18.2 87 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $199,681 89 $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

  Howard 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 $1,434.4 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $199.4 13.9% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $228.7 15.9% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $267.7 18.7% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $336.1 23.4% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $402.5 28.1% $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 Howard County, Iowa
County County
rank
State US
Total number federal tax returns filed 5,254 71 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 705 77 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $55,973 87 $76,516 $89,230
Average itemized contribution $2,118 60.5 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.8% 26 3.4% 3.3%
 
Adjusted gross income under $50,000 Howard County, Iowa
County County
rank
State US
Total number federal tax returns filed 4,586 68 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 413 68 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $30,547 52 $32,220 $32,553
Average itemized contribution $1,385 64 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 4.5% 61 4.4% 4.7%
 
Adjusted gross income over $50,000 Howard County, Iowa
County County
rank
State US
Total number federal tax returns filed 668 81 284,540 28,921,408
Number federal income tax returns with itemized contributions 292 79 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $91,935 57 $103,854 $122,564
Average itemized contribution $3,154 33 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 3.4% 23 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

  Howard County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $24,530 45 $26,540 $29,760
Per capita income (nominal $), 1990 $15,022 78 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $9,508 19 $9,168 $10,188
Percent change in per capita income, 1990-2000 63.3% 4 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $6,374 10 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 26.0% 10 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

  Howard County, Iowa
County County
rank
State US
Population, 2000 9,932 82 2,926,324 281,421,906
Population, 1990 9,809 82 2,776,831 248,709,873
Population change, 1990-2000 123 51 149,493 32,712,033
Percent population change , 1990-2000 1.3% 47 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

  Howard County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 124 79 27,836 2,422,430
Average annual deaths, 1995-1999 135 75 28,018 2,333,800
Average annual deaths, 1990-1994 124 81 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 12.5 28 9.5 8.6
Average annual death rate/1000 population, 1995-1999 13.6 15 9.7 8.7
Average annual death rate/1000 population, 1990-1994 12.5 33 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
  Howard County, Iowa
County County
rank
State US
Median age (years) 39.5 47 36.6 35.3
Number 65 or older 1,999 80 436,213 34,991,753
Percent 65 or older 20.1% 29 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

Howard County age graph

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


COMMUNITY VITALITY CENTER
A Catalyst For Creating Real Impact In Real Communities

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