The facts about debt in Iowa

The total population of Iowa is 2,254,330. And there are 1,175,771 households. The average household income is $41,350. And the average family size is close to 3 people. If you take the average household income and divide it into three, that is about $13,783 per capita. Is that enough? Now consider this.

The average grocery bill for a family of 3 per year, according to a Grocery Spending Survey, is $5,228. That takes care of food. But what about gas for your car? If there are 2 adults in the average family of 3, is it likely that 2 of them are working. If 2 of them are working, they need a way to get to work. If the most popular method of travel to work is by car, then the car needs gas to run. But, gasoline prices are on the rise. The lowest price for gas per gallon in Iowa is $2.51.