Indiana vs Iowa on USAspending: $3.83B vs $3.84B

Two Corn Belt stocks, one intensity gap

Iowa’s $3.84B is about 1.00 times Indiana’s $3.83B. Population is about 0.47 times: 3,241,488 versus 6,924,275. Indiana has roughly twice the people on the same obligation stock, which is the setup for Iowa’s $127.17 per capita against Indiana’s $80.53. Cite those ratios as packet figures beside the Census counts.

Award counts stay in the same band, 58,316 in Indiana and 48,706 in Iowa. Indiana’s file is slightly busier. Iowa’s 48,706 actions on $3.84B still sit beside the hotter per-capita reading.

FY2026 is the ranking Indiana wins. $557.6M versus $412.2M hands Indiana the latest-year dollar lead even while the stacked stocks remain a photo finish. Indiana’s 6,924,275 residents versus Iowa’s 3,241,488 is a twofold Census gap on $3.83B versus $3.84B, which is why $80.53 versus $127.17 is the intensity ranking this pair actually supports.

Commercial construction versus wireless equipment

Indiana’s lead NAICS is commercial and institutional building construction. Iowa’s lead NAICS is radio and television broadcasting and wireless communications equipment manufacturing. Those peaks sit on $3.83B and $3.84B. Neighboring states can still peak in different codes on nearly identical dollar stocks.

The 58,316 Indiana awards and 48,706 Iowa awards include many actions outside those labels. Use the Indiana and Iowa state hubs for agencies and recipients. Both peaks are USAspending.gov obligation mixes.

FY2026: Indiana’s $557.6M versus Iowa’s $412.2M

Fiscal year 2026 obligations are $557.6M in Indiana and $412.2M in Iowa. Recency is the cut that separates two stacked files that otherwise refuse to separate. Treat the year as a recency slice of obligations, not as Treasury cash.

Do not divide $557.6M or $412.2M by 58,316 or 48,706 all-years awards. Spending per capita of $80.53 and $127.17 already sits beside Census counts of 6,924,275 and 3,241,488 in the packet.

Twice the people on the same stock

6,924,275 versus 3,241,488 is the ranking that defines this pair. $3.83B versus $3.84B does not follow that headcount. $80.53 versus $127.17 is the intensity consequence. Award volume of 58,316 versus 48,706 stays closer than population does.

Keep those per-capita figures labeled as Census-based packet figures on USAspending.gov obligations. They are not outlays per resident.

How to read Indiana versus Iowa

Read the stacked stocks as a near-tie ($3.83B vs $3.84B). Read Iowa first on intensity ($127.17 vs $80.53). Read Indiana first on population (6,924,275 vs 3,241,488), a modest award lead (58,316 vs 48,706), and FY2026 ($557.6M vs $412.2M). Note construction versus wireless equipment. All cuts are obligations.

The comparison hub holds the tables. The Indiana and Iowa hubs hold agencies and recipients. Outlays are a different series.

Corn Belt neighbors, different NAICS peaks

Indiana’s $3.83B and Iowa’s $3.84B are USAspending.gov obligations. Commercial and institutional building construction versus radio and television broadcasting and wireless communications equipment manufacturing is the industry split. Census counts of 6,924,275 and 3,241,488 are the ranking that is not a near-tie. FY2026’s $557.6M versus $412.2M is the recency ranking Indiana wins.

Spending per capita of $80.53 and $127.17 sits beside those Census counts. Award counts of 58,316 and 48,706 stay closer than population does. Use the Indiana and Iowa hubs for agencies and recipients. Outlays are a different Treasury series.

Indiana’s 6,924,275 residents versus Iowa’s 3,241,488 is the ranking that stretches. Stacked stocks of $3.83B versus $3.84B do not. FY2026 of $557.6M versus $412.2M goes to Indiana. Per capita of $80.53 versus $127.17 goes to Iowa. Construction versus wireless equipment is mix. Award counts of 58,316 versus 48,706 stay closer than population.

Questions

Does Indiana or Iowa have more federal spending?

Iowa leads stacked USAspending.gov obligations $3.84B to Indiana’s $3.83B — a near-tie. Iowa also leads spending per capita, $127.17 versus $80.53, on 3,241,488 residents against Indiana’s 6,924,275. Indiana has more awards (58,316 vs 48,706). FY2026 obligations are $557.6M in Indiana and $412.2M in Iowa.

Why is Iowa’s per-capita figure higher than Indiana’s?

The packet reports $127.17 per capita in Iowa on 3,241,488 residents and $80.53 in Indiana on 6,924,275. Stacked stocks are essentially tied ($3.84B vs $3.83B). Indiana has more people on the same obligation stock. Award counts are 48,706 versus 58,316. These figures are USAspending.gov obligations, not outlays.

What industries lead in Indiana and Iowa?

Indiana’s top industry is commercial and institutional building construction. Iowa’s is radio and television broadcasting and wireless communications equipment manufacturing. Those labels are the largest NAICS slices on $3.83B and $3.84B. Award counts are 58,316 in Indiana and 48,706 in Iowa.

Are Indiana vs Iowa figures Treasury outlays?

No. The $3.83B and $3.84B totals, and FY2026 amounts of $557.6M and $412.2M, are USAspending.gov obligations. Outlays are cash payments and can lag. Spending per capita ($80.53 vs $127.17) uses Census population where present.