It's a title that no Iowa town wants to lay claim to. But the financial figures don't lie. Every state has a 'poorest town' and in Iowa, that town is Lamoni.

According to 24/7 Wallstreet, the small town of 2600 people is the poorest in the state. The website used data from the latest U.S. Census Bureau Survey and looked at the median income of every American city with a population of between 1,000 and 25,000 residents. All economic figures were from a five year period from 2012 through 2016.

According to the report, the median income for Lamoni was $33,393 a year. That number is the least of any other town in the state of Iowa. The median income for the whole state is $54, 570. Lamoni is also one of only 2 Iowa towns where 25% of its residents live in poverty. Yes, 1 in 4 residents is at or below the poverty line. What makes the results all the more surprising is the Lamoni is a college town. It is the home of Graceland University.

The city of Keokuk, Iowa is thankful though. Lamoni takes their place as the poorest city in Iowa. You can view complete results of the study HERE.

 

[via IC Press Citizen]