Living in Iola, Illinois
Cost of living, income, home prices, rent and demographics of Iola · Census data 2020–2024
Iola has 90 residents with a median age of 44. The median household income is $46,250 (45% lower than the Illinois median), the median home value is $65,000.
Iola is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Iola at a glance
- Population
- 90
- Median age
- 44State: 39
- Median household income
- $46,250State: $83,390
- Median home value
- $65,000State: $263,300
- Homeowners
- 83.3%
- Bachelor's degree or higher
- 2.8%
- Average commute
- 27 min
Is Iola a good place to live?
Pros: Home values 75% lower than the state median; an average commute of 27 minutes.
Cons: Median household income 45% lower than the Illinois median; a poverty rate of 15.6%.
The weather is best in May and August to October.
Cost of living in Iola
Housing is the biggest part of the cost of living. In Iola the median home value is $65,000, 80% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,188 a month in housing costs.
Iola median household income
The median household income in Iola is $46,250 and the income per person is $30,859. 15.6% of residents live below the poverty line (Illinois: 11.8%).
Housing in Iola: homes for sale and rent
- Housing units
- 51
- Owner-occupied
- 83.3%
- Renter-occupied
- 16.7%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.14
Iola demographics
- Population
- 90
- Median age
- 44
- Under 18
- 17.8%
- 65 and older
- 14.4%
- Households
- 42
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Iola ›
Education in Iola
2.8% of adults 25 and older in Iola have a bachelor's degree or higher (Illinois: 37.8%), and 2.8% have a graduate or professional degree.
Jobs and commute in Iola
- Unemployment rate
- 0%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 0%
- Drive alone
- 92.3%
- Public transit
- 0%
- Walk to work
- 3.8%
- Homes with broadband
- 66.7%
Iola vs nearby towns
More for people moving to Iola
Iola ZIP code ›Weather and climate ›Living in Iola: FAQ
What is the median household income in Iola, IL?
The median household income in Iola is $46,250, 45% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Iola?
The median home value in Iola is $65,000, compared with $263,300 in Illinois.
Is Iola, IL a good place to live?
Pluses: home values 75% lower than the state median; an average commute of 27 minutes. Minuses: median household income 45% lower than the Illinois median; a poverty rate of 15.6%.
What is the median age in Iola?
The median age in Iola is 44 years (Illinois: 39).
How long is the commute in Iola?
The average commute to work in Iola is 27 minutes; 0% of workers work from home.
What is the unemployment rate in Iola?
The unemployment rate in Iola is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Iola?
2.8% of adults in Iola have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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