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Iowa Transfer of Wealth

Story County, Iowa

Recorded Wealth Transfer

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

  Story County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
323 11 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $116.2 7 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $359,934 6 $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

  Story 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 $16,722.5 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $1,576.7 9.4% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $2,117.6 12.7% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $2,994.7 17.9% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $4,328.4 25.9% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $5,705.0 34.1% $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 Story County, Iowa
County County
rank
State US
Total number federal tax returns filed 33,022 9 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 9,573 8 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $80,254 8 $76,516 $89,230
Average itemized contribution $2,783 14 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.5% 43 3.4% 3.3%
 
Adjusted gross income under $50,000 Story County, Iowa
County County
rank
State US
Total number federal tax returns filed 24,378 9 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 3,042 9 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $33,227 10 $32,220 $32,553
Average itemized contribution $1,428 58 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 4.3% 70 4.4% 4.7%
 
Adjusted gross income over $50,000 Story County, Iowa
County County
rank
State US
Total number federal tax returns filed 8,644 8 284,540 28,921,408
Number federal income tax returns with itemized contributions 6,531 8 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $102,158 26 $103,854 $122,564
Average itemized contribution $3,415 23 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 3.3% 26 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

  Story County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $26,448 16 $26,540 $29,760
Per capita income (nominal $), 1990 $16,697 27 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $9,751 15 $9,168 $10,188
Percent change in per capita income, 1990-2000 58.4% 19 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $5,381 47 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 20.3% 78 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

  Story County, Iowa
County County
rank
State US
Population, 2000 79,981 9 2,926,324 281,421,906
Population, 1990 74,252 9 2,776,831 248,709,873
Population change, 1990-2000 5,729 6 149,493 32,712,033
Percent population change , 1990-2000 7.7% 11 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

  Story County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 461 13 27,836 2,422,430
Average annual deaths, 1995-1999 439 15 28,018 2,333,800
Average annual deaths, 1990-1994 418 16 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 5.7 98 9.5 8.6
Average annual death rate/1000 population, 1995-1999 5.6 98 9.7 8.7
Average annual death rate/1000 population, 1990-1994 5.6 98 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
  Story County, Iowa
County County
rank
State US
Median age (years) 26.5 99 36.6 35.3
Number 65 or older 7,870 11 436,213 34,991,753
Percent 65 or older 9.8% 98 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

Story 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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