Iowa is known for its lovely farmland, beautiful areas for biking and hiking, and family theme parks.
There are over 30.6 million acres of farmland in Iowa, and the state ranks first in the U.S. for the production of soybeans, corn, pork, and eggs. Many of the state’s farms are family owned.
Iowa boasts a wide variety of unique things to do, including visiting the Ice Cream Capital of the World in Le Mars. If you’re interested in Dutch history, you can drive to Orange City and walk through the tulip gardens and over the Dutch canal bridge next to a series of windmills.
Those seeking family fun will appreciate Adventureland Park, a theme park with over 100 rides and attractions. Finally, Cedar Falls offers miles of trails for hiking and biking enthusiasts. Winter brings the opportunity to ski or snowshoe.
Despite the relaxed pace of Iowa and its numerous entertainment options for individuals and families, many Iowa residents struggle financially. Rising costs, lower salaries, and steadily increasing credit card debt have made their mark in Iowa, just as they have in other states across the nation.
Iowa is considered one of the least expensive states to live in, mainly due to its low housing costs; the state ranks 8th for lowest cost of living. However, other expenses, including groceries, utilities, and transit, cost as much here as they do in other states.
While Iowa may be relatively inexpensive, wages are low. According to the Bureau of Labor Statistics, the average salary of an Iowan is $51,140, compared with the national average of $58,260.
Lower wages result in less spending power for Iowa residents and increased credit card debt. The average credit card debt of a resident in Des Moines, IA, is $8,069, compared to the national average of $8,425.
Use our interactive calculator if you’re wondering how long it will take to pay off your credit card debt in Iowa. The results show you the amount of interest you’ll pay to your lender, as well as the length of time needed to repay your obligations by making only minimum payments.
You may feel overwhelmed by credit card debt, but there are solutions. With a bit of time and dedication, you can obtain the fresh financial start you’re looking for.
Americor offers Iowa debt help for those who are caught in a never-ending cycle of work and bills. To learn more about our debt relief programs, explore the links provided below: