Iowa’s relatively low crime rates have provided significant economic benefits for the state, according to a new report from the Common Sense Institute (CSI).
The report quantifies the direct and indirect cost savings tied to Iowa’s lower-than-average crime and explores the impact of crime rates on the state’s GDP, labor force, and quality of life.
Key findings of the report:
- Significant cost savings – Iowa’s low crime rate saved the state $3.8 billion in direct costs in 2023 compared to the average U.S. state.
- Economic impact – If Iowa’s crime rate matched the national average, the state’s GDP would have been $516 to $749 million lower, with personal incomes reduced by up to $552 million.
- Employment and labor force – Higher crime rates would result in a loss of 4,400 to 6,900 jobs and shrink the labor force by 1,000 to 9,600 workers.
- Crime trends – While Iowa’s crime rate increased by 8.6% in 2023 compared to 2022, it remains 6.86% lower than in 2019, showcasing the state’s overall stability in public safety.
“This report underscores the immense impact low crime rates have on Iowa’s economic well-being,” CSI director of policy and research Ben Murrey said in a release. “Not only does a safer environment save billions in direct costs, but it also bolsters GDP growth, supports job creation, and enhances overall quality of life for Iowans. Our report findings reinforce the importance of maintaining effective public safety policies to maintain Iowa’s competitive edge.”
To read more details of the CSI report on the economic impact of Iowa’s crime rates, click here.
The Common Sense Institute (CSI), a non-partisan organization focused on employment and economic issues, announced its expansion into Iowa in January.
