Living in Packwood, Iowa
Cost of living, income, home prices, rent and demographics of Packwood · Census data 2020–2024
Packwood has 539 residents with a median age of 36.3. The median household income is $51,500 (31% lower than the Iowa median), the median home value is $80,000, the median rent is $722/month.
Packwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Packwood at a glance
- Population
- 539
- Median age
- 36.3State: 38.6
- Median household income
- $51,500State: $75,059
- Median home value
- $80,000State: $208,000
- Median rent
- $722/moState: $972
- Homeowners
- 85.7%
- Bachelor's degree or higher
- 19.2%
- Average commute
- 20 min
Is Packwood a good place to live?
Pros: Home values 62% lower than the state median; an average commute of 20 minutes; a poverty rate of 0.7%.
Cons: Median household income 31% lower than the Iowa median; unemployment of 19.4%.
The weather is best in June to September.
Cost of living in Packwood
Housing is the biggest part of the cost of living. In Packwood the median home value is $80,000, 76% lower than the U.S. median. Renters pay a median of $722 per month, which is 25% of household income. Homeowners with a mortgage pay $1,135 a month in housing costs.
Packwood median household income
The median household income in Packwood is $51,500 and the income per person is $19,833. 0.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Packwood: homes for sale and rent
- Housing units
- 178
- Owner-occupied
- 85.7%
- Renter-occupied
- 14.3%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 3.21
Packwood demographics
- Population
- 539
- Median age
- 36.3
- Under 18
- 36.9%
- 65 and older
- 12.6%
- Households
- 168
- Foreign-born
- 0%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Packwood ›
Education in Packwood
19.2% of adults 25 and older in Packwood have a bachelor's degree or higher (Iowa: 31.4%), and 4% have a graduate or professional degree.
Jobs and commute in Packwood
- Unemployment rate
- 19.4%State: 3.6%
- Average commute
- 20 minState: 20 min
- Work from home
- 1%
- Drive alone
- 92.7%
- Public transit
- 3.7%
- Walk to work
- 0%
- Homes with broadband
- 91.1%
Packwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Packwood | 539 | $51,500 | $80,000 | $722 |
| Ollie | 238 | $71,875 | $89,400 | — |
| Richland | 544 | $60,446 | $135,700 | — |
| Maharishi Vedic City | 282 | $66,875 | $325,000 | $1,096 |
| Martinsburg | 101 | $55,000 | $60,000 | — |
| Batavia | 536 | $56,250 | $111,600 | $1,021 |
| Fairfield | 9,456 | $51,311 | $156,000 | $870 |
| Hedrick | 913 | $67,500 | $79,600 | $725 |
| Libertyville | 324 | $76,131 | $162,500 | $983 |
More for people moving to Packwood
Packwood ZIP code ›Weather and climate ›Living in Packwood: FAQ
What is the median household income in Packwood, IA?
The median household income in Packwood is $51,500, 31% 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 Packwood?
The median home value in Packwood is $80,000, compared with $208,000 in Iowa.
How much is rent in Packwood?
The median gross rent in Packwood is $722 per month, about 25% of household income.
Is Packwood, IA a good place to live?
Pluses: home values 62% lower than the state median; an average commute of 20 minutes; a poverty rate of 0.7%. Minuses: median household income 31% lower than the Iowa median; unemployment of 19.4%.
What is the median age in Packwood?
The median age in Packwood is 36.3 years (Iowa: 38.6).
How long is the commute in Packwood?
The average commute to work in Packwood is 20 minutes; 1% of workers work from home.
What is the unemployment rate in Packwood?
The unemployment rate in Packwood is 19.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Packwood?
19.2% of adults in Packwood 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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