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Iowa Transfer of Wealth

Webster County, Iowa

Recorded Wealth Transfer

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

  Webster County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
280 12 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $89.4 11 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $319,686 20 $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

  Webster 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 $7,863.2 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $963.8 12.3% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $1,177.9 15.0% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $1,456.1 18.5% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $1,908.1 24.3% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $2,357.4 30.0% $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 Webster County, Iowa
County County
rank
State US
Total number federal tax returns filed 17,715 15 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 3,349 20 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $73,761 19 $76,516 $89,230
Average itemized contribution $2,601 22.5 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.5% 39 3.4% 3.3%
 
Adjusted gross income under $50,000 Webster County, Iowa
County County
rank
State US
Total number federal tax returns filed 14,360 14 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 1,353 19 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $31,704 33 $32,220 $32,553
Average itemized contribution $1,806 9 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 5.7% 19 4.4% 4.7%
 
Adjusted gross income over $50,000 Webster County, Iowa
County County
rank
State US
Total number federal tax returns filed 3,355 19 284,540 28,921,408
Number federal income tax returns with itemized contributions 1,996 19 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $102,270 25 $103,854 $122,564
Average itemized contribution $3,140 36 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 3.1% 45 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

  Webster County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $24,782 36 $26,540 $29,760
Per capita income (nominal $), 1990 $16,153 41 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $8,629 41 $9,168 $10,188
Percent change in per capita income, 1990-2000 53.4% 39 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $5,126 61 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 20.7% 73 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

  Webster County, Iowa
County County
rank
State US
Population, 2000 40,235 16 2,926,324 281,421,906
Population, 1990 40,342 13 2,776,831 248,709,873
Population change, 1990-2000 -107 62 149,493 32,712,033
Percent population change , 1990-2000 -0.3% 58 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

  Webster County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 465 12 27,836 2,422,430
Average annual deaths, 1995-1999 484 12 28,018 2,333,800
Average annual deaths, 1990-1994 479 11 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 11.6 42 9.5 8.6
Average annual death rate/1000 population, 1995-1999 12.2 38 9.7 8.7
Average annual death rate/1000 population, 1990-1994 11.9 43 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
  Webster County, Iowa
County County
rank
State US
Median age (years) 37.7 76 36.6 35.3
Number 65 or older 6,990 13 436,213 34,991,753
Percent 65 or older 17.4% 60 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

Webster 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

477 Heady Hall, Ames, IA, 50011-1070, Phone: 515-294-3000, Fax: 515-294-3838, e-mail:

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