Living in Hopkinton, Iowa
Cost of living, income, home prices, rent and demographics of Hopkinton · Census data 2020–2024
Hopkinton has 676 residents with a median age of 40.1. The median household income is $71,563 (5% lower than the Iowa median), the median home value is $127,400, the median rent is $441/month.
Hopkinton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Hopkinton at a glance
- Population
- 676
- Median age
- 40.1State: 38.6
- Median household income
- $71,563State: $75,059
- Median home value
- $127,400State: $208,000
- Median rent
- $441/moState: $972
- Homeowners
- 80.1%
- Bachelor's degree or higher
- 9.3%
- Average commute
- 22 min
Is Hopkinton a good place to live?
Pros: Home values 39% lower than the state median; a poverty rate of 10.8%.
Cons: Median household income 5% lower than the Iowa median; an average commute of 22 minutes; unemployment of 7.7%.
The weather is best in June to September.
Cost of living in Hopkinton
Housing is the biggest part of the cost of living. In Hopkinton the median home value is $127,400, 62% lower than the U.S. median. Renters pay a median of $441 per month, which is 26.9% of household income. Homeowners with a mortgage pay $1,246 a month in housing costs.
Hopkinton median household income
The median household income in Hopkinton is $71,563 and the income per person is $30,523. 10.8% of residents live below the poverty line (Iowa: 11.1%).
Housing in Hopkinton: homes for sale and rent
- Housing units
- 288
- Owner-occupied
- 80.1%
- Renter-occupied
- 19.9%
- Vacant
- 5.9%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.49
Hopkinton demographics
- Population
- 676
- Median age
- 40.1
- Under 18
- 28.3%
- 65 and older
- 15.5%
- Households
- 271
- Foreign-born
- 0%
- Veterans
- 7.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Hopkinton ›
Education in Hopkinton
9.3% of adults 25 and older in Hopkinton have a bachelor's degree or higher (Iowa: 31.4%), and 1.6% have a graduate or professional degree.
Jobs and commute in Hopkinton
- Unemployment rate
- 7.7%State: 3.6%
- Average commute
- 22 minState: 20 min
- Work from home
- 6.5%
- Drive alone
- 72.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 83.4%
Hopkinton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Hopkinton | 676 | $71,563 | $127,400 | $441 |
| Delhi | 432 | $87,750 | $170,100 | $880 |
| Worthington | 431 | $97,500 | $166,800 | — |
| Monticello | 4,071 | $70,015 | $175,200 | $722 |
| Earlville | 868 | $76,250 | $161,400 | $787 |
| Delaware | 138 | $78,750 | $143,400 | $618 |
| Prairieburg | 143 | $45,000 | $97,700 | — |
| Dyersville | 4,423 | $83,559 | $234,100 | $1,091 |
| Ryan | 346 | $60,625 | $155,400 | $850 |
More for people moving to Hopkinton
Hopkinton ZIP code ›Weather and climate ›Living in Hopkinton: FAQ
What is the median household income in Hopkinton, IA?
The median household income in Hopkinton is $71,563, 5% 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 Hopkinton?
The median home value in Hopkinton is $127,400, compared with $208,000 in Iowa.
How much is rent in Hopkinton?
The median gross rent in Hopkinton is $441 per month, about 26.9% of household income.
Is Hopkinton, IA a good place to live?
Pluses: home values 39% lower than the state median; a poverty rate of 10.8%. Minuses: median household income 5% lower than the Iowa median; an average commute of 22 minutes; unemployment of 7.7%.
What is the median age in Hopkinton?
The median age in Hopkinton is 40.1 years (Iowa: 38.6).
How long is the commute in Hopkinton?
The average commute to work in Hopkinton is 22 minutes; 6.5% of workers work from home.
What is the unemployment rate in Hopkinton?
The unemployment rate in Hopkinton is 7.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Hopkinton?
9.3% of adults in Hopkinton 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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