Living in New Virginia, Iowa
Cost of living, income, home prices, rent and demographics of New Virginia · Census data 2020–2024
New Virginia has 587 residents with a median age of 31.4. The median household income is $77,188 (about the same as the Iowa median), the median home value is $180,600, the median rent is $971/month.
New Virginia is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
New Virginia at a glance
- Population
- 587
- Median age
- 31.4State: 38.6
- Median household income
- $77,188State: $75,059
- Median home value
- $180,600State: $208,000
- Median rent
- $971/moState: $972
- Homeowners
- 69.7%
- Bachelor's degree or higher
- 26.2%
- Average commute
- 28 min
Is New Virginia a good place to live?
Pros: Median household income about the same as the Iowa median; home values 13% lower than the state median; a poverty rate of 1.4%.
Cons: An average commute of 28 minutes.
The weather is best in June to September.
Cost of living in New Virginia
Housing is the biggest part of the cost of living. In New Virginia the median home value is $180,600, 46% lower than the U.S. median. Renters pay a median of $971 per month, which is 19.2% of household income. Homeowners with a mortgage pay $1,647 a month in housing costs.
New Virginia median household income
The median household income in New Virginia is $77,188 and the income per person is $32,650. 1.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in New Virginia: homes for sale and rent
- Housing units
- 211
- Owner-occupied
- 69.7%
- Renter-occupied
- 30.3%
- Vacant
- 7.6%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 3.01
New Virginia demographics
- Population
- 587
- Median age
- 31.4
- Under 18
- 33.2%
- 65 and older
- 15%
- Households
- 195
- Foreign-born
- 0%
- Veterans
- 9.2%Adults 18+
Hispanic or Latino can be of any race. Population history of New Virginia ›
Education in New Virginia
26.2% of adults 25 and older in New Virginia have a bachelor's degree or higher (Iowa: 31.4%), and 4.3% have a graduate or professional degree.
Jobs and commute in New Virginia
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 28 minState: 20 min
- Work from home
- 13.1%
- Drive alone
- 77.8%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 90.8%
New Virginia vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| New Virginia | 587 | $77,188 | $180,600 | $971 |
| Truro | 518 | $78,750 | $195,100 | $888 |
| St. Charles | 914 | $82,841 | $221,300 | $855 |
| Osceola | 5,523 | $68,284 | $146,300 | $943 |
| Martensdale | 569 | $57,500 | $181,400 | $858 |
| Woodburn | 165 | $46,000 | $73,000 | — |
| Patterson | 346 | $82,969 | $111,100 | — |
| Murray | 614 | $65,500 | $80,800 | $831 |
| Indianola | 16,044 | $75,453 | $237,500 | $986 |
More for people moving to New Virginia
New Virginia ZIP code ›Weather and climate ›Living in New Virginia: FAQ
What is the median household income in New Virginia, IA?
The median household income in New Virginia is $77,188, 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 New Virginia?
The median home value in New Virginia is $180,600, compared with $208,000 in Iowa.
How much is rent in New Virginia?
The median gross rent in New Virginia is $971 per month, about 19.2% of household income.
Is New Virginia, IA a good place to live?
Pluses: median household income about the same as the Iowa median; home values 13% lower than the state median; a poverty rate of 1.4%. Minuses: an average commute of 28 minutes.
What is the median age in New Virginia?
The median age in New Virginia is 31.4 years (Iowa: 38.6).
How long is the commute in New Virginia?
The average commute to work in New Virginia is 28 minutes; 13.1% of workers work from home.
What is the unemployment rate in New Virginia?
The unemployment rate in New Virginia is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is New Virginia?
26.2% of adults in New Virginia 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.
Last updated: