Living in Neola, Iowa
Cost of living, income, home prices, rent and demographics of Neola · Census data 2020–2024
Neola has 1,116 residents with a median age of 36.5. The median household income is $73,306 (about the same as the Iowa median), the median home value is $205,100, the median rent is $968/month.
Neola is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Neola at a glance
- Population
- 1,116
- Median age
- 36.5State: 38.6
- Median household income
- $73,306State: $75,059
- Median home value
- $205,100State: $208,000
- Median rent
- $968/moState: $972
- Homeowners
- 74.5%
- Bachelor's degree or higher
- 15.9%
- Average commute
- 26 min
Is Neola a good place to live?
Pros: Home values about the same as the state median; unemployment of 0.2%; a poverty rate of 6.1%.
Cons: Median household income about the same as the Iowa median; an average commute of 26 minutes.
The weather is best in May–June and August–September.
Cost of living in Neola
Housing is the biggest part of the cost of living. In Neola the median home value is $205,100, 38% lower than the U.S. median. Renters pay a median of $968 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,353 a month in housing costs.
Neola median household income
The median household income in Neola is $73,306 and the income per person is $32,466. 6.1% of residents live below the poverty line (Iowa: 11.1%).
Housing in Neola: homes for sale and rent
- Housing units
- 417
- Owner-occupied
- 74.5%
- Renter-occupied
- 25.5%
- Vacant
- 2.2%Includes seasonal homes
- Median year built
- 1947
- Average household size
- 2.74
Neola demographics
- Population
- 1,116
- Median age
- 36.5
- Under 18
- 35%
- 65 and older
- 16.5%
- Households
- 408
- Foreign-born
- 0.4%
- Veterans
- 9.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Neola ›
Education in Neola
15.9% of adults 25 and older in Neola have a bachelor's degree or higher (Iowa: 31.4%), and 7.4% have a graduate or professional degree.
Jobs and commute in Neola
- Unemployment rate
- 0.2%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 15.6%
- Drive alone
- 75.4%
- Public transit
- 0%
- Walk to work
- 2.6%
- Homes with broadband
- 77.9%
Neola vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Neola | 1,116 | $73,306 | $205,100 | $968 |
| Minden | 630 | $109,167 | $170,500 | $700 |
| Underwood | 898 | $105,341 | $253,500 | $1,063 |
| McClelland | 140 | $108,125 | $182,800 | — |
| Persia | 294 | $72,000 | $121,900 | $918 |
| Shelby | 752 | $63,654 | $162,500 | $840 |
| Crescent | 549 | $116,042 | $283,900 | — |
| Hancock | 216 | $82,083 | $98,600 | $922 |
| Portsmouth | 204 | $80,781 | $125,000 | $769 |
More for people moving to Neola
Neola ZIP code ›Weather and climate ›Living in Neola: FAQ
What is the median household income in Neola, IA?
The median household income in Neola is $73,306, about the same as 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 Neola?
The median home value in Neola is $205,100, compared with $208,000 in Iowa.
How much is rent in Neola?
The median gross rent in Neola is $968 per month, about 27.5% of household income.
Is Neola, IA a good place to live?
Pluses: home values about the same as the state median; unemployment of 0.2%; a poverty rate of 6.1%. Minuses: median household income about the same as the Iowa median; an average commute of 26 minutes.
What is the median age in Neola?
The median age in Neola is 36.5 years (Iowa: 38.6).
How long is the commute in Neola?
The average commute to work in Neola is 26 minutes; 15.6% of workers work from home.
What is the unemployment rate in Neola?
The unemployment rate in Neola is 0.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Neola?
15.9% of adults in Neola 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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