Living in Olds, Iowa
Cost of living, income, home prices, rent and demographics of Olds · Census data 2020–2024
Olds has 72 residents with a median age of 47.5. The median household income is $49,375 (34% lower than the Iowa median), the median home value is $116,700, the median rent is $773/month.
Olds is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Olds at a glance
- Population
- 72
- Median age
- 47.5State: 38.6
- Median household income
- $49,375State: $75,059
- Median home value
- $116,700State: $208,000
- Median rent
- $773/moState: $972
- Homeowners
- 46.5%
- Bachelor's degree or higher
- 10.6%
- Average commute
- 26 min
Is Olds a good place to live?
Pros: Home values 44% lower than the state median; a poverty rate of 9.7%.
Cons: Median household income 34% lower than the Iowa median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Olds
Housing is the biggest part of the cost of living. In Olds the median home value is $116,700, 65% lower than the U.S. median. Renters pay a median of $773 per month, which is 17.5% of household income. Homeowners with a mortgage pay $1,083 a month in housing costs.
Olds median household income
The median household income in Olds is $49,375 and the income per person is $41,225. 9.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Olds: homes for sale and rent
- Housing units
- 47
- Owner-occupied
- 46.5%
- Renter-occupied
- 53.5%
- Vacant
- 8.5%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 1.67
Olds demographics
- Population
- 72
- Median age
- 47.5
- Under 18
- 9.7%
- 65 and older
- 15.3%
- Households
- 43
- Foreign-born
- 0%
- Veterans
- 7.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Olds ›
Education in Olds
10.6% of adults 25 and older in Olds have a bachelor's degree or higher (Iowa: 31.4%), and 4.3% have a graduate or professional degree.
Jobs and commute in Olds
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 0%
- Drive alone
- 95.9%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 90.7%
Olds vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Olds | 72 | $49,375 | $116,700 | $773 |
| Swedesburg | 119 | $74,861 | — | — |
| Crawfordsville | 312 | $75,625 | $79,200 | $633 |
| Winfield | 1,007 | $49,063 | $100,000 | $667 |
| Wayland | 1,191 | $70,774 | $135,500 | $814 |
| Mount Union | 111 | $50,500 | $96,100 | — |
| Ainsworth | 633 | $68,333 | $118,400 | $725 |
| Mount Pleasant | 8,951 | $61,042 | $160,900 | $826 |
| Columbus City | 323 | $89,875 | $111,600 | — |
More for people moving to Olds
Olds ZIP code ›Weather and climate ›Living in Olds: FAQ
What is the median household income in Olds, IA?
The median household income in Olds is $49,375, 34% 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 Olds?
The median home value in Olds is $116,700, compared with $208,000 in Iowa.
How much is rent in Olds?
The median gross rent in Olds is $773 per month, about 17.5% of household income.
Is Olds, IA a good place to live?
Pluses: home values 44% lower than the state median; a poverty rate of 9.7%. Minuses: median household income 34% lower than the Iowa median; an average commute of 26 minutes.
What is the median age in Olds?
The median age in Olds is 47.5 years (Iowa: 38.6).
How long is the commute in Olds?
The average commute to work in Olds is 26 minutes; 0% of workers work from home.
What is the unemployment rate in Olds?
The unemployment rate in Olds is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Olds?
10.6% of adults in Olds 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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