Iowa’s minimum wage is currently set at the federal minimum of $7.25 per hour. If someone works full time at 40 hours each week for a year, their annual income is only $15,080. Iowa is one of 14 states at this rate, while 29 states are above the federal minimum.
Senator Rich Taylor from Iowa District 42 says raising the minimum wage in the Hawkeye State is being discussed this legislative session. He says it is likely that the proposal will be for $10.10 per hour. If it is raised, a person working full time at that rate would earn about $21,000 annually.