Iowa vs New Hampshire Budget FY2022
Spending, revenue and category allocations compared side by side.
Key Budget Metrics โ Iowa vs New Hampshire
Iowa
$28.5 billion
New Hampshire
$7.8 billion
Iowa
$8.1 billion
New Hampshire
$1.6 billion
Iowa
โ
New Hampshire
โ
Iowa
$9.8 billion
New Hampshire
$2.0 billion
Iowa
$830 million
New Hampshire
$160 million
Iowa
$277.1 billion
New Hampshire
$125.5 billion
Receipts & Expenditure Comparison
| Particulars | Iowa | New Hampshire | Difference |
|---|---|---|---|
| Total Expenditure (all funds) | $28.5 billion | $7.8 billion | +264.5% |
| General Fund Expenditure | $8.1 billion | $1.6 billion | +405.6% |
| Total Revenue | โ | โ | โ |
| General Fund Revenue | $9.8 billion | $2.0 billion | +392.4% |
| Rainy Day Fund | $830 million | $160 million | +418.8% |
| State GDP | $277.1 billion | $125.5 billion | +120.8% |
Iowa per resident
$8,804
New Hampshire per resident
$5,528
Iowa โ Spending Composition
New Hampshire โ Spending Composition
Category-wise Allocation โ Iowa vs New Hampshire
| Category | Iowa | New Hampshire | Difference |
|---|---|---|---|
1. Medicaid | $7.2 billion | $2.6 billion | +172.2% |
2. Higher Education | $7.0 billion | $164 million | +4150.0% |
3. All Other | $6.8 billion | $2.7 billion | +154.8% |
4. K-12 Education | $4.8 billion | $1.5 billion | +218.1% |
5. Transportation | $2.2 billion | $622 million | +251.0% |
6. Corrections | $485 million | $147 million | +229.9% |
7. Public Assistance | $104 million | $76 million | +36.8% |
Compare Another Fiscal Year
Understanding This Comparison
State budgets are compared on an all-funds basis โ the total across the general fund, federal grants, and dedicated state funds. This is the fairer measure, because states differ widely in how much they route outside the general fund. The general fund row shows the discretionary portion that state legislatures actually debate.
Fiscal years differ between states: most run July to June, Alabama and Michigan run October to September, and New York runs April to March. Figures labelled with the same fiscal year therefore cover slightly different periods.
Definitions for every term used here are in the US budget glossary. To compare across countries, see India budget comparisons.
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