Senior Financial Overview
View our Fort Madison, IA financial data below to learn about the income, wealth and costs incurred of those seniors living in the community.
The median household income for seniors in Fort Madison is
$31,852 Source: Census.gov ACS
Annual Income for Senior Households
47% of senior households in Fort Madison earn less than $30,000 per year, while 3% earn more than $100K/year
Only those where the head of household is 65 or over are included.
As an example, an elderly widow and her children's income would be counted if her children choose to live with her.
However, if she chooses to live with her children, neither would be counted.
Also, keep in mind the distinction between household and individual income. A married couple over the age of 65 that is still working and earning $30,000 per year each would have a household income of $60,000.
The average Social Security income per household receiving the benefit in Fort Madison is
$17,715 Source: Census.gov ACS
The average retirement income per household receiving it in Fort Madison is
$16,313 Source: Census.gov ACS
10% of seniors in Fort Madison, IA are employed.
Source: Census.gov ACS
How Seniors Travel to/from Work
13% of Fort Madison seniors have a college degree.
Source: Census.gov ACS
Highest Level of Education
99% of seniors living in Fort Madison speak English at home.
Source: Census.gov ACS
10% of the seniors in Fort Madison are below the poverty level.
Source: Census.gov ACS
Percentage of Seniors Below the Poverty Level
Percent of People 60 and Over Receiving Food Stamps
21% of senior homeowners in Fort Madison have a mortgage.
Source: Census.gov ACS
Home Ownership Cost as a Percent of Income
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