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Iowa Transfer of Wealth

Polk County, Iowa

Recorded Wealth Transfer

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

  Polk County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
1,609 1 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $488.8 1 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $303,769 29 $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

  Polk 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 $69,241.3 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $5,764.0 8.3% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $8,328.7 12.0% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $12,284.9 17.7% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $18,209.4 26.3% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $24,654.3 35.6% $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 Polk County, Iowa
County County
rank
State US
Total number federal tax returns filed 174,226 1 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 57,787 1 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $86,579 5 $76,516 $89,230
Average itemized contribution $2,698 18 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.1% 68 3.4% 3.3%
 
Adjusted gross income under $50,000 Polk County, Iowa
County County
rank
State US
Total number federal tax returns filed 126,616 1 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 19,904 1 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $33,759 6 $32,220 $32,553
Average itemized contribution $1,236 81 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 3.7% 88 4.4% 4.7%
 
Adjusted gross income over $50,000 Polk County, Iowa
County County
rank
State US
Total number federal tax returns filed 47,610 1 284,540 28,921,408
Number federal income tax returns with itemized contributions 37,883 1 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $114,332 8 $103,854 $122,564
Average itemized contribution $3,466 20 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 3.0% 47 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

  Polk County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $32,816 1 $26,540 $29,760
Per capita income (nominal $), 1990 $21,861 1 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $10,955 5 $9,168 $10,188
Percent change in per capita income, 1990-2000 50.1% 57 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $6,079 20 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 18.5% 91 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

  Polk County, Iowa
County County
rank
State US
Population, 2000 374,601 1 2,926,324 281,421,906
Population, 1990 327,140 1 2,776,831 248,709,873
Population change, 1990-2000 47,461 1 149,493 32,712,033
Percent population change , 1990-2000 14.5% 3 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

  Polk County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 2,803 1 27,836 2,422,430
Average annual deaths, 1995-1999 2,745 1 28,018 2,333,800
Average annual deaths, 1990-1994 2,568 1 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 7.4 96 9.5 8.6
Average annual death rate/1000 population, 1995-1999 7.6 96 9.7 8.7
Average annual death rate/1000 population, 1990-1994 7.6 94 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
  Polk County, Iowa
County County
rank
State US
Median age (years) 34.4 95 36.6 35.3
Number 65 or older 41,752 1 436,213 34,991,753
Percent 65 or older 11.1% 97 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

Polk 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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