How much does a Real Estate Brokers actually take home in Iowa?
3.9% flat rate — 20.3% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Real Estate Brokers earning $60,150 in Iowa (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $60,150 | — |
| Federal Income Tax | -$5,234 | 8.7% |
| Iowa State Income Tax | -$2,345 | 3.9% |
| Social Security (OASDI) | -$3,729 | 6.2% |
| Medicare | -$872 | 1.5% |
| Total Taxes | -$12,181 | 20.3% |
| Take-Home Pay | $47,968 | 79.7% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Real Estate Brokers in Iowa.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $29,280 | -$4,911 | $24,368 | 16.8% |
| 25th Percentile (P25) | $35,380 | -$6,347 | $29,032 | 17.9% |
| Median (P50) | $60,150 | -$12,181 | $47,968 | 20.3% |
| 75th Percentile (P75) | $112,450 | -$29,567 | $82,882 | 26.3% |
| 90th Percentile (P90) | $150,610 | -$43,080 | $107,529 | 28.6% |
After federal income tax ($5,234), state tax ($2,345), and FICA ($4,601), a Real Estate Brokers in Iowa takes home $47,968 per year — or $3,997 per month. The effective tax rate of 20.3% is relatively low compared to the national range.
Where does a Real Estate Brokers keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Iowa ranks #24 out of 37 states for Real Estate Brokers after-tax take-home pay.
A Real Estate Brokers in Iowa earning a median salary of $60,150 will take home approximately $47,968 per year after federal income tax ($5,234), state income tax ($2,345), and FICA ($4,601). That is $3,997 per month or $1,844 per bi-weekly paycheck.
The effective total tax rate for a Real Estate Brokers in Iowa is 20.3%, broken down as: federal income tax 8.7%, Iowa state tax 3.9%, and FICA (Social Security + Medicare) 7.7%. This assumes a single filer with the standard deduction for 2024.
Iowa has a 3.9% flat rate. On a Real Estate Brokers's median salary of $60,150, the state income tax amounts to $2,345 per year, which is an effective state rate of 3.9%.
After all taxes, a Real Estate Brokers in Iowa takes home approximately $3,997 per month, or about $23.06 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $60,150 for Real Estate Brokers in Iowa, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Iowa state income tax (3.9% flat rate), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $47,968/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR