The small town of Wilton, Iowa, located in Muscatine County, is considered the richest town in the state. With a population of just 1,682, the town is situated on a bend of the Cedar River, about 30 miles northwest of Davenport.
The town's median household income is $83,107, the highest in the state, and the median home value is $143,400. Wilton's unemployment rate is a low 3.2%, and over 75% of its residents are homeowners. Wilton boasts a low poverty rate of 7.4%, compared to the national average of 13.4%.
The town is home to several businesses, including a manufacturing plant for John Deere, one of the largest employers in the state. The plant is the largest employer in Wilton with over 1,200 employees and is responsible for much of the town's economic success.
Wilton also offers a variety of recreational opportunities, including the Wilton Wildlife Area and the Wilton Woods Golf Course. The town also hosts a variety of events throughout the year, including a summer music series, a fall art festival, and a winter holiday market.
The town has seen a steady population growth over the past decade, with more people moving to Wilton in search of its safe, family-friendly atmosphere and strong economy. The town's strong economic foundation, low unemployment rate, and high median household income make Wilton the richest town in Iowa.