Living in New Hampton, Iowa
Cost of living, income, home prices, rent and demographics of New Hampton · Census data 2020–2024
New Hampton has 3,453 residents with a median age of 36.6. The median household income is $62,870 (16% lower than the Iowa median), the median home value is $167,700, the median rent is $743/month.
New Hampton at a glance
- Population
- 3,453
- Median age
- 36.6State: 38.6
- Median household income
- $62,870State: $75,059
- Median home value
- $167,700State: $208,000
- Median rent
- $743/moState: $972
- Homeowners
- 70%
- Bachelor's degree or higher
- 22.3%
- Average commute
- 15 min
Is New Hampton a good place to live?
Pros: Home values 19% lower than the state median; an average commute of 15 minutes; unemployment of 2.8%.
Cons: Median household income 16% lower than the Iowa median; a poverty rate of 17.3%.
The weather is best in June to September.
Cost of living in New Hampton
Housing is the biggest part of the cost of living. In New Hampton the median home value is $167,700, 50% lower than the U.S. median. Renters pay a median of $743 per month, which is 24% of household income. Homeowners with a mortgage pay $1,179 a month in housing costs.
New Hampton median household income
The median household income in New Hampton is $62,870 and the income per person is $31,485. 17.3% of residents live below the poverty line (Iowa: 11.1%).
Housing in New Hampton: homes for sale and rent
- Housing units
- 1,660
- Owner-occupied
- 70%
- Renter-occupied
- 30%
- Vacant
- 14.3%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.34
New Hampton demographics
- Population
- 3,453
- Median age
- 36.6
- Under 18
- 26.2%
- 65 and older
- 20.1%
- Households
- 1,422
- Foreign-born
- 7.4%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of New Hampton ›
Education in New Hampton
22.3% of adults 25 and older in New Hampton have a bachelor's degree or higher (Iowa: 31.4%), and 4.1% have a graduate or professional degree.
Jobs and commute in New Hampton
- Unemployment rate
- 2.8%State: 3.6%
- Average commute
- 15 minState: 20 min
- Work from home
- 5%
- Drive alone
- 87.5%
- Public transit
- 0%
- Walk to work
- 1%
- Homes with broadband
- 88%
New Hampton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Hampton | 3,453 | $62,870 | $167,700 | $743 |
| North Washington | 134 | $71,964 | $135,000 | — |
| Ionia | 336 | $73,945 | $95,700 | $533 |
| Lawler | 363 | $65,833 | $117,100 | $621 |
| Fredericksburg | 989 | $65,313 | $201,300 | $735 |
| Alta Vista | 194 | $44,500 | $68,200 | $640 |
| Frederika | 236 | $57,083 | $98,100 | $667 |
| Nashua | 1,622 | $66,597 | $129,600 | $756 |
| Waucoma | 291 | $78,750 | $122,700 | $475 |
More for people moving to New Hampton
New Hampton ZIP code ›Weather and climate ›Living in New Hampton: FAQ
What is the median household income in New Hampton, IA?
The median household income in New Hampton is $62,870, 16% 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 New Hampton?
The median home value in New Hampton is $167,700, compared with $208,000 in Iowa.
How much is rent in New Hampton?
The median gross rent in New Hampton is $743 per month, about 24% of household income.
Is New Hampton, IA a good place to live?
Pluses: home values 19% lower than the state median; an average commute of 15 minutes; unemployment of 2.8%. Minuses: median household income 16% lower than the Iowa median; a poverty rate of 17.3%.
What is the median age in New Hampton?
The median age in New Hampton is 36.6 years (Iowa: 38.6).
How long is the commute in New Hampton?
The average commute to work in New Hampton is 15 minutes; 5% of workers work from home.
What is the unemployment rate in New Hampton?
The unemployment rate in New Hampton is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Hampton?
22.3% of adults in New Hampton 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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