Living in Paton, Iowa
Cost of living, income, home prices, rent and demographics of Paton · Census data 2020–2024
Paton has 273 residents with a median age of 35.2. The median household income is $63,393 (16% lower than the Iowa median), the median home value is $75,000, the median rent is $525/month.
Paton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Paton at a glance
- Population
- 273
- Median age
- 35.2State: 38.6
- Median household income
- $63,393State: $75,059
- Median home value
- $75,000State: $208,000
- Median rent
- $525/moState: $972
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 21.9%
- Average commute
- 26 min
Is Paton a good place to live?
Pros: Home values 64% lower than the state median; a poverty rate of 6.2%.
Cons: Median household income 16% lower than the Iowa median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Paton
Housing is the biggest part of the cost of living. In Paton the median home value is $75,000, 77% lower than the U.S. median. Renters pay a median of $525 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,085 a month in housing costs.
Paton median household income
The median household income in Paton is $63,393 and the income per person is $28,820. 6.2% of residents live below the poverty line (Iowa: 11.1%).
Housing in Paton: homes for sale and rent
- Housing units
- 109
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 9.2%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 2.76
Paton demographics
- Population
- 273
- Median age
- 35.2
- Under 18
- 26.7%
- 65 and older
- 16.5%
- Households
- 99
- Foreign-born
- 0%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Paton ›
Education in Paton
21.9% of adults 25 and older in Paton have a bachelor's degree or higher (Iowa: 31.4%), and 4.5% have a graduate or professional degree.
Jobs and commute in Paton
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 0.7%
- Drive alone
- 79.3%
- Public transit
- 0%
- Walk to work
- 5.5%
- Homes with broadband
- 84.8%
Paton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Paton | 273 | $63,393 | $75,000 | $525 |
| Boxholm | 168 | $49,375 | $86,500 | $556 |
| Harcourt | 249 | $72,708 | $85,000 | $550 |
| Gowrie | 932 | $80,417 | $109,900 | $750 |
| Grand Junction | 603 | $61,667 | $77,000 | $874 |
| Farnhamville | 386 | $57,188 | $72,300 | — |
| Churdan | 427 | $72,500 | $74,700 | $925 |
| Dayton | 689 | $57,500 | $114,800 | $523 |
| Jefferson | 4,152 | $58,895 | $155,800 | $754 |
More for people moving to Paton
Paton ZIP code ›Weather and climate ›Living in Paton: FAQ
What is the median household income in Paton, IA?
The median household income in Paton is $63,393, 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 Paton?
The median home value in Paton is $75,000, compared with $208,000 in Iowa.
How much is rent in Paton?
The median gross rent in Paton is $525 per month, about 27.5% of household income.
Is Paton, IA a good place to live?
Pluses: home values 64% lower than the state median; a poverty rate of 6.2%. Minuses: median household income 16% lower than the Iowa median; an average commute of 26 minutes.
What is the median age in Paton?
The median age in Paton is 35.2 years (Iowa: 38.6).
How long is the commute in Paton?
The average commute to work in Paton is 26 minutes; 0.7% of workers work from home.
What is the unemployment rate in Paton?
The unemployment rate in Paton is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Paton?
21.9% of adults in Paton 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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