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Over the last 10 years the Des Moines Metro Area has experienced employment growth of 12.7%, which is +1.1 points higher than the US over the decade.
Employment continues to rise as in-migration drives the fastest growing large metro in the Midwest.
The highest ten-year job growth is among Construction, Health Services & Private Education, and Leisure & Hospitality.
GDP increased by $5.2 billion (7%) in 2024, growing at a faster rate than the previous two years. Total GDP was $80 billion in 2024.
The MSA, along with the US, experienced growth above 10% in 2021 after rebounding from the pandemic-led recession. As consumer inflation rose in 2021 and 2022, the Federal Reserve began raising interest rates to cool the economy, which affected the MSA. GDP growth in Des Moines accelerated in subsequent years.
The median household in the Des Moines Metro earns $86,600. Median income in the MSA surpasses the national average by $5,000, though this premium has declined in the last 10 years.
Median household income grew by 3.5% in 2024, faster than the prior year. Over the ten-year period, income grew 37% versus 52% for the US.
