Living in Algona, Iowa
Cost of living, income, home prices, rent and demographics of Algona · Census data 2020–2024
Algona has 5,377 residents with a median age of 40.1. The median household income is $56,040 (25% lower than the Iowa median), the median home value is $160,800, the median rent is $885/month.
Algona at a glance
- Population
- 5,377
- Median age
- 40.1State: 38.6
- Median household income
- $56,040State: $75,059
- Median home value
- $160,800State: $208,000
- Median rent
- $885/moState: $972
- Homeowners
- 68.9%
- Bachelor's degree or higher
- 25.5%
- Average commute
- 11 min
Is Algona a good place to live?
Pros: Home values 23% lower than the state median; an average commute of 11 minutes; unemployment of 2%; a poverty rate of 6.9%.
Cons: Median household income 25% lower than the Iowa median.
The weather is best in June to September.
Cost of living in Algona
Housing is the biggest part of the cost of living. In Algona the median home value is $160,800, 52% lower than the U.S. median. Renters pay a median of $885 per month, which is 26.5% of household income. Homeowners with a mortgage pay $1,226 a month in housing costs.
Algona median household income
The median household income in Algona is $56,040 and the income per person is $35,587. 6.9% of residents live below the poverty line (Iowa: 11.1%).
Housing in Algona: homes for sale and rent
- Housing units
- 2,703
- Owner-occupied
- 68.9%
- Renter-occupied
- 31.1%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1970
- Average household size
- 2.02
Algona demographics
- Population
- 5,377
- Median age
- 40.1
- Under 18
- 20.3%
- 65 and older
- 25.7%
- Households
- 2,552
- Foreign-born
- 7.5%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Algona ›
Education in Algona
25.5% of adults 25 and older in Algona have a bachelor's degree or higher (Iowa: 31.4%), and 6.4% have a graduate or professional degree.
Jobs and commute in Algona
- Unemployment rate
- 2%State: 3.6%
- Average commute
- 11 minState: 20 min
- Work from home
- 3.9%
- Drive alone
- 81.8%
- Public transit
- 0%
- Walk to work
- 5.1%
- Homes with broadband
- 85.8%
Algona vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Algona | 5,377 | $56,040 | $160,800 | $885 |
| Burt | 511 | $66,750 | $75,000 | $546 |
| Whittemore | 569 | $78,702 | $100,500 | $625 |
| Lone Rock | 106 | $52,500 | $63,600 | $550 |
| Wesley | 360 | $68,125 | $95,000 | $525 |
| West Bend | 855 | $86,154 | $159,700 | $538 |
| Lu Verne | 318 | $51,250 | $61,700 | $883 |
| Fenton | 290 | $55,417 | $55,000 | $760 |
| Livermore | 416 | $66,250 | $71,500 | $845 |
More for people moving to Algona
Algona ZIP code ›Weather and climate ›Living in Algona: FAQ
What is the median household income in Algona, IA?
The median household income in Algona is $56,040, 25% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Algona?
The median home value in Algona is $160,800, compared with $208,000 in Iowa.
How much is rent in Algona?
The median gross rent in Algona is $885 per month, about 26.5% of household income.
Is Algona, IA a good place to live?
Pluses: home values 23% lower than the state median; an average commute of 11 minutes; unemployment of 2%; a poverty rate of 6.9%. Minuses: median household income 25% lower than the Iowa median.
What is the median age in Algona?
The median age in Algona is 40.1 years (Iowa: 38.6).
How long is the commute in Algona?
The average commute to work in Algona is 11 minutes; 3.9% of workers work from home.
What is the unemployment rate in Algona?
The unemployment rate in Algona is 2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Algona?
25.5% of adults in Algona 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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