Living in Montezuma, Iowa
Cost of living, income, home prices, rent and demographics of Montezuma · Census data 2020–2024
Montezuma has 1,410 residents with a median age of 40. The median household income is $65,660 (13% lower than the Iowa median), the median home value is $179,400, the median rent is $858/month.
Montezuma is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Montezuma at a glance
- Population
- 1,410
- Median age
- 40State: 38.6
- Median household income
- $65,660State: $75,059
- Median home value
- $179,400State: $208,000
- Median rent
- $858/moState: $972
- Homeowners
- 59.1%
- Bachelor's degree or higher
- 19.3%
- Average commute
- 17 min
Is Montezuma a good place to live?
Pros: Home values 14% lower than the state median; an average commute of 17 minutes.
Cons: Median household income 13% lower than the Iowa median; unemployment of 3.8%; a poverty rate of 12.5%.
The weather is best in June to September.
Cost of living in Montezuma
Housing is the biggest part of the cost of living. In Montezuma the median home value is $179,400, 46% lower than the U.S. median. Renters pay a median of $858 per month, which is 24.9% of household income. Homeowners with a mortgage pay $1,524 a month in housing costs.
Montezuma median household income
The median household income in Montezuma is $65,660 and the income per person is $36,209. 12.5% of residents live below the poverty line (Iowa: 11.1%).
Housing in Montezuma: homes for sale and rent
- Housing units
- 725
- Owner-occupied
- 59.1%
- Renter-occupied
- 40.9%
- Vacant
- 9%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.09
Montezuma demographics
- Population
- 1,410
- Median age
- 40
- Under 18
- 21.3%
- 65 and older
- 21.1%
- Households
- 660
- Foreign-born
- 0%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Montezuma ›
Education in Montezuma
19.3% of adults 25 and older in Montezuma have a bachelor's degree or higher (Iowa: 31.4%), and 6.2% have a graduate or professional degree.
Jobs and commute in Montezuma
- Unemployment rate
- 3.8%State: 3.6%
- Average commute
- 17 minState: 20 min
- Work from home
- 5.5%
- Drive alone
- 81%
- Public transit
- 0%
- Walk to work
- 5%
- Homes with broadband
- 87.7%
Montezuma vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Montezuma | 1,410 | $65,660 | $179,400 | $858 |
| Barnes City | 117 | $82,500 | $110,300 | $525 |
| Deep River | 335 | $83,125 | $95,200 | $481 |
| Malcom | 221 | $76,750 | $109,800 | $638 |
| Searsboro | 109 | $66,250 | $104,200 | $967 |
| New Sharon | 1,180 | $48,750 | $133,600 | $668 |
| Brooklyn | 1,459 | $73,438 | $137,100 | $832 |
| Lynnville | 527 | $60,682 | $146,300 | $631 |
| Grinnell | 9,505 | $65,320 | $209,500 | $895 |
More for people moving to Montezuma
Montezuma ZIP code ›Weather and climate ›Living in Montezuma: FAQ
What is the median household income in Montezuma, IA?
The median household income in Montezuma is $65,660, 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 Montezuma?
The median home value in Montezuma is $179,400, compared with $208,000 in Iowa.
How much is rent in Montezuma?
The median gross rent in Montezuma is $858 per month, about 24.9% of household income.
Is Montezuma, IA a good place to live?
Pluses: home values 14% lower than the state median; an average commute of 17 minutes. Minuses: median household income 13% lower than the Iowa median; unemployment of 3.8%; a poverty rate of 12.5%.
What is the median age in Montezuma?
The median age in Montezuma is 40 years (Iowa: 38.6).
How long is the commute in Montezuma?
The average commute to work in Montezuma is 17 minutes; 5.5% of workers work from home.
What is the unemployment rate in Montezuma?
The unemployment rate in Montezuma is 3.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Montezuma?
19.3% of adults in Montezuma 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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