State Minimum Wage Rate for Iowa was 7.25000 $ per Hour in January of 2024, according to the United States Federal Reserve. Historically, State Minimum Wage Rate for Iowa reached a record high of 7.25000 in January of 2008 and a record low of 4.25000 in January of 1991. Trading Economics provides the current actual value, an historical data chart and related indicators for State Minimum Wage Rate for Iowa - last updated from the United States Federal Reserve on March of 2024.