Salary & Cost of Living in Ankeny, IA
Ankeny, IA: $61,348 median salary, cost of living index 95.8, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$61,348
$29/hr
Cost of Living
95.8
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.2%
rate
Ankeny, IA Overview
Population
68,483
Median Salary
$61,348
Average Salary
$68,710
Avg Commute
16 min
Median Home Price
$285,000
Median Rent
$1,174/mo
Job Growth
+1.1%
Sales Tax
6%
Ankeny is located in Iowa with a population of 68,483. The median household salary is $61,348 per year ($29/hour), which is $1,964 above the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +1.1%.
Ankeny Salary by Experience Level (2026)
Wage distribution in Ankeny, IA based on BLS percentile breakdown of the $61,348 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $38,036 | $18.28/hr | 0–2 years |
| Mid-Level (Median) | $61,348 | $29.49/hr | 3–7 years |
| Senior-Level | $87,114 | $41.88/hr | 8–15 years |
| Top 10% (90th Percentile) | $109,199 | $52.49/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Ankeny Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Ankeny, IA, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$47,835
$3,986.23/month · $1,839.80/biweekly · Effective Rate: 22.0%
Gross Pay
$61,348
Federal Tax
-$5,323
State Tax
-$3,497
Local Tax
$0
FICA
-$4,693
Net Pay
$47,835
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,112.33 | $61,348.00 |
| Federal Income Tax | -$443.61 | -$5,323.26 |
| Iowa State Tax (5.7%) | -$291.40 | -$3,496.84 |
| Social Security (6.2%) | -$316.96 | -$3,803.58 |
| Medicare (1.45%) | -$74.13 | -$889.55 |
| Net Take-Home Pay | $3,986.23 | $47,834.78 |
Salary Comparison: Ankeny vs Other Cities
See how Ankeny's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Ankeny, IA | $61,348 | 95.8 | $64,038 |
| National Average | $59,384 | 100 | $59,384 |
| Georgetown, TX | $61,363 | 102.5 | $59,866 |
| Napa, CA | $61,371 | 152.8 | $40,164 |
| Layton, UT | $61,375 | 97.8 | $62,756 |
| Livermore, CA | $61,310 | 150.5 | $40,738 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Ankeny
Ankeny's cost of living index is 95.8 (national average = 100). Living in Ankeny is 4.200000000000003% less expensive than the national average.
Median Home Price
$285,000
Median Monthly Rent
$1,174
Annual Rent Cost
$14,088
Your Salary's Purchasing Power
Your $47,835 annual take-home pay in Ankeny has the purchasing power of approximately $49,932 in an average-cost US area. Your $61,348 salary stretches further here than in most US cities.
Top Industries in Ankeny
Ankeny's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $61,348.
Salary Tips for Ankeny Workers
- Maximize pre-tax deductions. With a 5.7% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Ankeny's top industries include Agriculture, Manufacturing, Insurance. Targeting roles in these sectors can help you earn above the $61,348 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Ankeny, IA?
The median salary in Ankeny, IA is $61,348 per year, or $29 per hour. The average salary is $68,710. This is $1,964 above the national median of $59,384.
What is the cost of living in Ankeny, IA?
Ankeny's cost of living index is 95.8 (national average = 100), meaning it is 4.200000000000003% less expensive compared to the national average. The median home price is $285,000 and the median monthly rent is $1,174.
What are the best industries in Ankeny?
The top industries in Ankeny, IA include Agriculture, Manufacturing, Insurance. The city has a job growth rate of 1.1% and an unemployment rate of 2.2%. Workers in these industries often earn above the city's median salary of $61,348.
How does Ankeny's salary compare to other cities?
Ankeny's median salary of $61,348 is 3.3% above the national median of $59,384. However, when adjusted for cost of living (index: 95.8), the real purchasing power is approximately $64,038.
What is the minimum wage in Ankeny, IA?
The minimum wage in Ankeny, IA is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.