Living in Newton, Iowa
Cost of living, income, home prices, rent and demographics of Newton · Census data 2020–2024
Newton has 15,700 residents with a median age of 42.6. The median household income is $57,771 (23% lower than the Iowa median), the median home value is $153,700, the median rent is $819/month.
Newton at a glance
- Population
- 15,700
- Median age
- 42.6State: 38.6
- Median household income
- $57,771State: $75,059
- Median home value
- $153,700State: $208,000
- Median rent
- $819/moState: $972
- Homeowners
- 61.5%
- Bachelor's degree or higher
- 19.5%
- Average commute
- 22 min
Is Newton a good place to live?
Pros: Home values 26% lower than the state median; a poverty rate of 11.1%.
Cons: Median household income 23% lower than the Iowa median; an average commute of 22 minutes; unemployment of 5.7%.
The weather is best in June to September.
Cost of living in Newton
Housing is the biggest part of the cost of living. In Newton the median home value is $153,700, 54% lower than the U.S. median. Renters pay a median of $819 per month, which is 30.5% of household income. Homeowners with a mortgage pay $1,271 a month in housing costs.
Newton median household income
The median household income in Newton is $57,771 and the income per person is $34,732. 11.1% of residents live below the poverty line (Iowa: 11.1%).
Housing in Newton: homes for sale and rent
- Housing units
- 7,353
- Owner-occupied
- 61.5%
- Renter-occupied
- 38.5%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.26
Newton demographics
- Population
- 15,700
- Median age
- 42.6
- Under 18
- 20.8%
- 65 and older
- 21.5%
- Households
- 6,772
- Foreign-born
- 5.2%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Newton ›
Education in Newton
19.5% of adults 25 and older in Newton have a bachelor's degree or higher (Iowa: 31.4%), and 8% have a graduate or professional degree.
Jobs and commute in Newton
- Unemployment rate
- 5.7%State: 3.6%
- Average commute
- 22 minState: 20 min
- Work from home
- 9.5%
- Drive alone
- 76.6%
- Public transit
- 0.1%
- Walk to work
- 2.4%
- Homes with broadband
- 91.7%
Newton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Newton | 15,700 | $57,771 | $153,700 | $819 |
| Lambs Grove | 181 | $93,750 | $200,000 | — |
| Kellogg | 676 | $36,944 | $115,800 | $804 |
| Reasnor | 152 | $69,063 | $89,200 | $1,125 |
| Colfax | 2,210 | $79,318 | $178,000 | $789 |
| Baxter | 1,247 | $60,952 | $166,700 | $900 |
| Oakland Acres | 191 | $103,000 | $256,300 | — |
| Prairie City | 1,711 | $78,295 | $190,600 | $800 |
| Monroe | 2,120 | $80,375 | $177,200 | $817 |
More for people moving to Newton
Newton ZIP code ›Weather and climate ›Living in Newton: FAQ
What is the median household income in Newton, IA?
The median household income in Newton is $57,771, 23% 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 Newton?
The median home value in Newton is $153,700, compared with $208,000 in Iowa.
How much is rent in Newton?
The median gross rent in Newton is $819 per month, about 30.5% of household income.
Is Newton, IA a good place to live?
Pluses: home values 26% lower than the state median; a poverty rate of 11.1%. Minuses: median household income 23% lower than the Iowa median; an average commute of 22 minutes; unemployment of 5.7%.
What is the median age in Newton?
The median age in Newton is 42.6 years (Iowa: 38.6).
How long is the commute in Newton?
The average commute to work in Newton is 22 minutes; 9.5% of workers work from home.
What is the unemployment rate in Newton?
The unemployment rate in Newton is 5.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Newton?
19.5% of adults in Newton 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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