Living in Marshalltown, Iowa
Cost of living, income, home prices, rent and demographics of Marshalltown · Census data 2020–2024
Marshalltown has 27,626 residents with a median age of 35.7. The median household income is $69,068 (8% lower than the Iowa median), the median home value is $127,700, the median rent is $891/month.
Marshalltown at a glance
- Population
- 27,626
- Median age
- 35.7State: 38.6
- Median household income
- $69,068State: $75,059
- Median home value
- $127,700State: $208,000
- Median rent
- $891/moState: $972
- Homeowners
- 68.8%
- Bachelor's degree or higher
- 20.9%
- Average commute
- 17 min
Is Marshalltown a good place to live?
Pros: Home values 39% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 8% lower than the Iowa median; unemployment of 5.3%; a poverty rate of 14.3%.
The weather is best in June to September.
Cost of living in Marshalltown
Housing is the biggest part of the cost of living. In Marshalltown the median home value is $127,700, 62% lower than the U.S. median. Renters pay a median of $891 per month, which is 23% of household income. Homeowners with a mortgage pay $1,287 a month in housing costs.
Marshalltown median household income
The median household income in Marshalltown is $69,068 and the income per person is $30,130. 14.3% of residents live below the poverty line (Iowa: 11.1%).
Housing in Marshalltown: homes for sale and rent
- Housing units
- 11,046
- Owner-occupied
- 68.8%
- Renter-occupied
- 31.2%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.62
Marshalltown demographics
- Population
- 27,626
- Median age
- 35.7
- Under 18
- 27%
- 65 and older
- 16.5%
- Households
- 10,135
- Foreign-born
- 20.1%
- Veterans
- 9.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Marshalltown ›
Education in Marshalltown
20.9% of adults 25 and older in Marshalltown have a bachelor's degree or higher (Iowa: 31.4%), and 7.5% have a graduate or professional degree.
Jobs and commute in Marshalltown
- Unemployment rate
- 5.3%State: 3.6%
- Average commute
- 17 minState: 20 min
- Work from home
- 5.7%
- Drive alone
- 75.9%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 87.5%
Marshalltown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Marshalltown | 27,626 | $69,068 | $127,700 | $891 |
| Haverhill | 142 | $61,607 | $115,300 | — |
| Albion | 622 | $91,250 | $135,200 | $781 |
| Le Grand | 720 | $76,250 | $145,700 | $533 |
| Laurel | 278 | $61,250 | $103,100 | $666 |
| Montour | 206 | $81,346 | $94,200 | — |
| Melbourne | 804 | $71,667 | $155,400 | $756 |
| Liscomb | 298 | $84,042 | $93,800 | $1,031 |
| Gilman | 623 | $101,136 | $88,700 | $678 |
More for people moving to Marshalltown
Marshalltown ZIP code ›Weather and climate ›Living in Marshalltown: FAQ
What is the median household income in Marshalltown, IA?
The median household income in Marshalltown is $69,068, 8% 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 Marshalltown?
The median home value in Marshalltown is $127,700, compared with $208,000 in Iowa.
How much is rent in Marshalltown?
The median gross rent in Marshalltown is $891 per month, about 23% of household income.
Is Marshalltown, IA a good place to live?
Pluses: home values 39% lower than the state median; an average commute of 17 minutes. Minuses: median household income 8% lower than the Iowa median; unemployment of 5.3%; a poverty rate of 14.3%.
What is the median age in Marshalltown?
The median age in Marshalltown is 35.7 years (Iowa: 38.6).
How long is the commute in Marshalltown?
The average commute to work in Marshalltown is 17 minutes; 5.7% of workers work from home.
What is the unemployment rate in Marshalltown?
The unemployment rate in Marshalltown is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Marshalltown?
20.9% of adults in Marshalltown 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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