Iowa Minimum Wage Calculator 2026
Iowa minimum wage: $7.25/hr (tipped: $4.35/hr). Calculate annual salary, monthly income, and take-home pay at minimum wage.
How This Calculator Works
Calculation methodology and assumptions
This calculator computes annual, monthly, and weekly earnings at Iowa's minimum wage of $7.25/hr. For tipped employees, the base rate is $4.35/hr. The federal minimum wage is $7.25/hr — Iowa follows the federal rate. Calculations assume no overtime and consistent hours.
Key State Information
Iowa minimum wage: $7.25/hr. Tipped rate: $4.35/hr. Iowa allows a tip credit, meaning employers can pay tipped employees $4.35/hr as long as tips bring total compensation to at least $7.25/hr. Iowa follows the federal minimum wage of $7.25/hr.
Frequently Asked Questions
What is the minimum wage in Iowa in 2026?
Iowa's minimum wage is $7.25/hr as of 2026. For tipped employees, the minimum is $4.35/hr. Working 40 hours/week, 52 weeks/year, this equals approximately $15,080 gross annual income.
Is Iowa's minimum wage going up?
Many states have scheduled annual minimum wage increases tied to inflation (CPI). Check Iowa's Department of Labor for upcoming rate changes. Several states are gradually increasing toward $15/hr.
Can you live on minimum wage in Iowa?
Iowa's cost of living index is 90.1 (100 = national average). At $7.25/hr full time, you'd earn about $15,080/year before taxes. This would be challenging but slightly more manageable than in high-cost states.