Working full time at $40 an hour ($83,200 a year) in Iowa, a single filer takes home about $64,851 a year, $5,404 a month or $31.18 an hour, after federal tax, FICA and $2,510 Iowa income tax.
#16 of 51for take-home at this pay
Where the money goes
Breakdown
| Yearly | Monthly | |
|---|---|---|
| Gross pay | $83,200 | $6,933 |
| Federal income tax | $9,474 | $790 |
| Social Security (6.2%) | $5,158 | $430 |
| Medicare | $1,206 | $101 |
| Iowa income tax | $2,510 | $209 |
| Take-home | $64,851 | $5,404 |
| Federal marginal rate | 22% | |
| Iowa marginal rate | 3.80% |
Same pay in other states
Highest take-home at this pay: Alaska. Middle: Connecticut. Lowest: Oregon.
Your tax bracket at this pay
Your federal taxable income is about $67,100 (after the $16,100 standard deduction), which puts the top slice of your pay in the 22% bracket ($50,400 to $105,700). You have about $38,600 of room before the next dollar is taxed at 24%. Only that top slice is taxed at 22%: your average federal rate is 11.4%, and all taxes together (federal, FICA, state) take 22.1% of gross pay. A $1,000 raise would add about $666 to your take-home.
| Federal bracket | Your income in it | Tax |
|---|---|---|
| 10% on $0–$12,400 | $12,400 | $1,240 |
| 12% on $12,400–$50,400 | $38,000 | $4,560 |
| 22% on $50,400–$105,700 | $16,700 | $3,674 |
| Rate | Federal | Combined with state and FICA |
|---|---|---|
| Marginal (next dollar) | 22% | 33.5% |
| Effective (average) | 11.4% | 22.1% |
Compared with the Iowa median
$83,200 is 111% of the Iowa median household income of $75,059 (Census ACS 2020–2024 median; households can have more than one earner, so a single salary is not directly comparable).
Affordability snapshot
| Amount | |
|---|---|
| Rent budget (30% of gross) | $2,080/mo |
| Home price at 30% of gross (10% down) | $271,000 |
| Iowa median home value | $208,000 (Census 2020–2024) |
Rule of thumb only: housing at 30% of gross monthly pay. Home price assumes a 30-year fixed at the Freddie Mac average of 7.40% (week of 2026-10-15), 10% down, the Iowa median effective property tax rate and about 0.35% a year for insurance. Lenders also weigh debts, credit and PMI.
401(k) and HSA effect
| Contribution | Saved | Take-home cut | Tax saved |
|---|---|---|---|
| 6% to a 401(k) ($4,992/yr) | $4,992 | $3,704 | $1,288 |
| Max 401(k) ($24,500) | $24,500 | $18,959 | $5,541 |
| Max HSA, self-only ($4,400, via payroll) | $4,400 | $2,928 | $1,472 |
Pre-tax 401(k) deferrals cut federal and Iowa income tax but not Social Security or Medicare; payroll HSA contributions also skip FICA. 2026 limits: 401(k) $24,500 (under 50), HSA $4,400 self-only (IRS). Some states tax HSA contributions; this estimate assumes they follow federal rules.
What applies at this income
- You are under the 2026 Roth IRA income limit for single filers ($153,000 of modified AGI), so you can contribute the full amount.
Iowa jobs that typically pay about $83,200
$83,200 is above the median pay of 88 of the 100 common occupations we track in Iowa (BLS OEWS, May 2025). These have a Iowa median between $78,000 and $93,600:
| Occupation | Iowa median | vs this pay |
|---|---|---|
| First-Line Supervisors of Mechanics, Installers, and Repairers | $78,340 | −$4,860 |
| First-Line Supervisors of Construction Trades and Extraction Workers | $78,510 | −$4,690 |
| Registered Nurses | $78,630 | −$4,570 |
| Management Analysts | $85,530 | +$2,330 |
| General and Operations Managers | $87,690 | +$4,490 |
Where $83,200 lands inside other Iowa jobs
For 8 of these occupations, $83,200 is what experienced or top earners make (75th–90th percentile); for 2, it is entry-level pay (10th–25th percentile).
| Occupation | Percentile | Iowa pay at that percentile |
|---|---|---|
| Lawyers | 25th | $81,860 |
| Insurance Sales Agents | 75th | $82,080 |
| Buyers and Purchasing Agents | 75th | $82,480 |
| Industrial Machinery Mechanics | 90th | $82,780 |
| First-Line Supervisors of Production and Operating Workers | 75th | $83,130 |
| Paralegals and Legal Assistants | 90th | $83,520 |
| Executive Secretaries and Executive Administrative Assistants | 90th | $83,600 |
| Medical and Health Services Managers | 25th | $84,180 |
| Training and Development Specialists | 75th | $84,240 |
| Sales Representatives of Services | 75th | $84,990 |
Previous and next pay level
Related
Single filer, W-2 wages only; 2026 IRS brackets and $16,100 standard deduction, FICA (Social Security to $184,500, Medicare +0.9% over $200,000) and state rules per the Tax Foundation (Jan 1, 2026). Local taxes and payroll deductions are excluded. Sources: IRS, SSA, Tax Foundation. Not tax advice.
Frequently asked questions
How much is $40 an hour after taxes in Iowa?
Working full time at $40 an hour ($83,200 a year) in Iowa, a single filer takes home about $64,851 a year, $5,404 a month or $31.18 an hour, after federal tax, FICA and $2,510 Iowa income tax.
How much is $40 an hour per month after taxes in Iowa?
About $5,404 a month, or $2,494 per biweekly paycheck.
How much state tax do I pay on $40 an hour in Iowa?
About $2,510 a year (marginal rate 3.80%).