Living in Melvin, Iowa
Cost of living, income, home prices, rent and demographics of Melvin · Census data 2020–2024
Melvin has 230 residents with a median age of 41.3. The median household income is $65,417 (13% lower than the Iowa median), the median home value is $68,000, the median rent is $538/month.
Melvin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Melvin at a glance
- Population
- 230
- Median age
- 41.3State: 38.6
- Median household income
- $65,417State: $75,059
- Median home value
- $68,000State: $208,000
- Median rent
- $538/moState: $972
- Homeowners
- 90.9%
- Bachelor's degree or higher
- 8.7%
- Average commute
- 21 min
Is Melvin a good place to live?
Pros: Home values 67% lower than the state median; unemployment of 1.5%.
Cons: Median household income 13% lower than the Iowa median; an average commute of 21 minutes; a poverty rate of 14.4%.
The weather is best in June to September.
Cost of living in Melvin
Housing is the biggest part of the cost of living. In Melvin the median home value is $68,000, 80% lower than the U.S. median. Renters pay a median of $538 per month, which is 23.8% of household income. Homeowners with a mortgage pay $1,018 a month in housing costs.
Melvin median household income
The median household income in Melvin is $65,417 and the income per person is $37,240. 14.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in Melvin: homes for sale and rent
- Housing units
- 109
- Owner-occupied
- 90.9%
- Renter-occupied
- 9.1%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1956
- Average household size
- 2.32
Melvin demographics
- Population
- 230
- Median age
- 41.3
- Under 18
- 20%
- 65 and older
- 26.5%
- Households
- 99
- Foreign-born
- 4.3%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Melvin ›
Education in Melvin
8.7% of adults 25 and older in Melvin have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Melvin
- Unemployment rate
- 1.5%State: 3.6%
- Average commute
- 21 minState: 20 min
- Work from home
- 0.8%
- Drive alone
- 91.2%
- Public transit
- 0%
- Walk to work
- 3.2%
- Homes with broadband
- 88.9%
Melvin vs nearby towns
More for people moving to Melvin
Melvin ZIP code ›Weather and climate ›Living in Melvin: FAQ
What is the median household income in Melvin, IA?
The median household income in Melvin is $65,417, 13% 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 Melvin?
The median home value in Melvin is $68,000, compared with $208,000 in Iowa.
How much is rent in Melvin?
The median gross rent in Melvin is $538 per month, about 23.8% of household income.
Is Melvin, IA a good place to live?
Pluses: home values 67% lower than the state median; unemployment of 1.5%. Minuses: median household income 13% lower than the Iowa median; an average commute of 21 minutes; a poverty rate of 14.4%.
What is the median age in Melvin?
The median age in Melvin is 41.3 years (Iowa: 38.6).
How long is the commute in Melvin?
The average commute to work in Melvin is 21 minutes; 0.8% of workers work from home.
What is the unemployment rate in Melvin?
The unemployment rate in Melvin is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Melvin?
8.7% of adults in Melvin 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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