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Iowa Transfer of Wealth

Wapello County, Iowa

Recorded Wealth Transfer

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

  Wapello County, Iowa
County County
rank
State
Annual average number of recorded probated estates, 1998-2002
(adjusted for missing probate data)
253 15 17,976
Annual average recorded wealth transfer (millions nominal $), 1998-2002 $47.8 32 $4,933
Annual average transfer/recorded probated estate (nominal $), 1998-2002 $188,775 91 $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

  Wapello 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 $4,284.4 100.0% $531,712.1 100.0%
Projected wealth transfer, 1st 10 years, 2000-2009 $515.1 12.0% $57,462.0 10.8%
Projected wealth transfer, 2nd 10 years, 2010-2019 $644.9 15.1% $74,427.5 14.0%
Projected wealth transfer, 3rd 10 years, 2020-2029 $807.6 18.8% $98,257.5 18.5%
Projected wealth transfer, 4th 10 years, 2030-2039 $1,044.3 24.4% $133,602.1 25.1%
Projected wealth transfer, 5th 10 years, 2040-2049 $1,272.6 29.7% $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 Wapello County, Iowa
County County
rank
State US
Total number federal tax returns filed 15,286 20 1,317,635 121,697,497
Number federal income tax returns with itemized contributions 2,444 24 309,358 32,632,950
Average adjusted gross income, returns with itemized contributions $74,034 18 $76,516 $89,230
Average itemized contribution $2,248 48 $2,579 $2,977
Average contributions as a percent of average adjusted gross income 3.0% 72 3.4% 3.3%
 
Adjusted gross income under $50,000 Wapello County, Iowa
County County
rank
State US
Total number federal tax returns filed 12,791 17 1,033,095 92,776,089
Number federal income tax returns with itemized contributions 985 25 118,061 12,085,101
Average adjusted gross income, returns with itemized contributions $31,850 30 $32,220 $32,553
Average itemized contribution $1,557 31 $1,416 $1,514
Average contributions as a percent of average adjusted gross income 4.9% 42 4.4% 4.7%
 
Adjusted gross income over $50,000 Wapello County, Iowa
County County
rank
State US
Total number federal tax returns filed 2,495 22 284,540 28,921,408
Number federal income tax returns with itemized contributions 1,459 24 191,297 20,547,849
Average adjusted gross income, returns with itemized contributions $102,514 23 $103,854 $122,564
Average itemized contribution $2,714 59 $3,296 $3,837
Average contributions as a percent of average adjusted gross income 2.6% 74 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

  Wapello County, Iowa
County County
rank
State US
Per capita income (nominal $), 2000 $22,137 76 $26,540 $29,760
Per capita income (nominal $), 1990 $15,551 62.5 $17,372 $19,572
Dollar change in per capita income, 1990-2000 $6,586 85 $9,168 $10,188
Percent change in per capita income, 1990-2000 42.4% 87 52.8% 58.6%
 
Per capita income from dividends, interest, rent (nominal $), 2000 $4,099 92 $5,483 $5,663
Percent of per capita income income from dividends, interest and rent, 2000 18.5% 89 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

  Wapello County, Iowa
County County
rank
State US
Population, 2000 36,051 20 2,926,324 281,421,906
Population, 1990 35,696 18 2,776,831 248,709,873
Population change, 1990-2000 355 40 149,493 32,712,033
Percent population change , 1990-2000 1.0% 50 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

  Wapello County, Iowa
County County
rank
State US
Average annual deaths, 2000-2002 415 16 27,836 2,422,430
Average annual deaths, 1995-1999 448 14 28,018 2,333,800
Average annual deaths, 1990-1994 454 12 27,261 2,208,400
 
Average annual death rate/1000 population, 2000-2002 11.5 47 9.5 8.6
Average annual death rate/1000 population, 1995-1999 12.4 31 9.7 8.7
Average annual death rate/1000 population, 1990-1994 12.6 30 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
  Wapello County, Iowa
County County
rank
State US
Median age (years) 39.2 53 36.6 35.3
Number 65 or older 6,415 15 436,213 34,991,753
Percent 65 or older 17.8% 54 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

Wapello 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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