Living in Goldfield, Iowa
Cost of living, income, home prices, rent and demographics of Goldfield · Census data 2020–2024
Goldfield has 613 residents with a median age of 42.9. The median household income is $53,092 (29% lower than the Iowa median), the median home value is $108,000, the median rent is $607/month.
Goldfield is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Goldfield at a glance
- Population
- 613
- Median age
- 42.9State: 38.6
- Median household income
- $53,092State: $75,059
- Median home value
- $108,000State: $208,000
- Median rent
- $607/moState: $972
- Homeowners
- 79.5%
- Bachelor's degree or higher
- 25.5%
- Average commute
- 24 min
Is Goldfield a good place to live?
Pros: Home values 48% lower than the state median.
Cons: Median household income 29% lower than the Iowa median; an average commute of 24 minutes; a poverty rate of 13.7%.
The weather is best in June to September.
Cost of living in Goldfield
Housing is the biggest part of the cost of living. In Goldfield the median home value is $108,000, 68% lower than the U.S. median. Renters pay a median of $607 per month, which is 19.8% of household income. Homeowners with a mortgage pay $950 a month in housing costs.
Goldfield median household income
The median household income in Goldfield is $53,092 and the income per person is $33,562. 13.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Goldfield: homes for sale and rent
- Housing units
- 305
- Owner-occupied
- 79.5%
- Renter-occupied
- 20.5%
- Vacant
- 15.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.37
Goldfield demographics
- Population
- 613
- Median age
- 42.9
- Under 18
- 17.5%
- 65 and older
- 26.3%
- Households
- 259
- Foreign-born
- 0.7%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Goldfield ›
Education in Goldfield
25.5% of adults 25 and older in Goldfield have a bachelor's degree or higher (Iowa: 31.4%), and 8.2% have a graduate or professional degree.
Jobs and commute in Goldfield
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 24 minState: 20 min
- Work from home
- 4.8%
- Drive alone
- 84.5%
- Public transit
- 0%
- Walk to work
- 3.2%
- Homes with broadband
- 89.2%
Goldfield vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Goldfield | 613 | $53,092 | $108,000 | $607 |
| Eagle Grove | 3,593 | $63,125 | $104,600 | $996 |
| Renwick | 229 | $52,125 | $81,100 | $746 |
| Thor | 257 | $57,305 | $101,800 | $1,075 |
| Clarion | 2,770 | $64,625 | $116,200 | $763 |
| Vincent | 161 | $87,500 | $102,100 | $630 |
| Woolstock | 181 | $85,000 | $84,800 | $625 |
| Dakota City | 752 | $60,417 | $119,800 | $965 |
| Badger | 433 | $72,750 | $142,800 | $750 |
More for people moving to Goldfield
Goldfield ZIP code ›Weather and climate ›Living in Goldfield: FAQ
What is the median household income in Goldfield, IA?
The median household income in Goldfield is $53,092, 29% 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 Goldfield?
The median home value in Goldfield is $108,000, compared with $208,000 in Iowa.
How much is rent in Goldfield?
The median gross rent in Goldfield is $607 per month, about 19.8% of household income.
Is Goldfield, IA a good place to live?
Pluses: home values 48% lower than the state median. Minuses: median household income 29% lower than the Iowa median; an average commute of 24 minutes; a poverty rate of 13.7%.
What is the median age in Goldfield?
The median age in Goldfield is 42.9 years (Iowa: 38.6).
How long is the commute in Goldfield?
The average commute to work in Goldfield is 24 minutes; 4.8% of workers work from home.
What is the unemployment rate in Goldfield?
The unemployment rate in Goldfield is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Goldfield?
25.5% of adults in Goldfield 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.
Last updated: