Living in Peterson, Iowa
Cost of living, income, home prices, rent and demographics of Peterson · Census data 2020–2024
Peterson has 298 residents with a median age of 57. The median household income is $73,333 (about the same as the Iowa median), the median home value is $93,500, the median rent is $983/month.
Peterson is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Peterson at a glance
- Population
- 298
- Median age
- 57State: 38.6
- Median household income
- $73,333State: $75,059
- Median home value
- $93,500State: $208,000
- Median rent
- $983/moState: $972
- Homeowners
- 88.6%
- Bachelor's degree or higher
- 30.6%
- Average commute
- 26 min
Is Peterson a good place to live?
Pros: Home values 55% lower than the state median; a poverty rate of 4.4%.
Cons: Median household income about the same as the Iowa median; an average commute of 26 minutes.
The weather is best in June to September.
Cost of living in Peterson
Housing is the biggest part of the cost of living. In Peterson the median home value is $93,500, 72% lower than the U.S. median. Renters pay a median of $983 per month, which is 45% of household income. Homeowners with a mortgage pay $1,049 a month in housing costs.
Peterson median household income
The median household income in Peterson is $73,333 and the income per person is $47,348. 4.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in Peterson: homes for sale and rent
- Housing units
- 189
- Owner-occupied
- 88.6%
- Renter-occupied
- 11.4%
- Vacant
- 16.4%Includes seasonal homes
- Median year built
- 1948
- Average household size
- 1.89
Peterson demographics
- Population
- 298
- Median age
- 57
- Under 18
- 15.4%
- 65 and older
- 33.6%
- Households
- 158
- Foreign-born
- 4%
- Veterans
- 12.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Peterson ›
Education in Peterson
30.6% of adults 25 and older in Peterson have a bachelor's degree or higher (Iowa: 31.4%), and 10.8% have a graduate or professional degree.
Jobs and commute in Peterson
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 1.2%
- Drive alone
- 89.2%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 84.8%
Peterson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peterson | 298 | $73,333 | $93,500 | $983 |
| Linn Grove | 215 | $62,250 | $93,300 | — |
| Sutherland | 629 | $55,469 | $101,200 | $581 |
| Sioux Rapids | 722 | $60,000 | $88,700 | $637 |
| Royal | 585 | $56,893 | $87,200 | $895 |
| Calumet | 113 | $58,750 | $83,300 | — |
| Larrabee | 147 | $50,769 | $57,100 | — |
| Rembrandt | 157 | $58,438 | $85,800 | $675 |
| Aurelia | 991 | $71,500 | $139,900 | $780 |
More for people moving to Peterson
Peterson ZIP code ›Weather and climate ›Living in Peterson: FAQ
What is the median household income in Peterson, IA?
The median household income in Peterson is $73,333, 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 Peterson?
The median home value in Peterson is $93,500, compared with $208,000 in Iowa.
How much is rent in Peterson?
The median gross rent in Peterson is $983 per month, about 45% of household income.
Is Peterson, IA a good place to live?
Pluses: home values 55% lower than the state median; a poverty rate of 4.4%. Minuses: median household income about the same as the Iowa median; an average commute of 26 minutes.
What is the median age in Peterson?
The median age in Peterson is 57 years (Iowa: 38.6).
How long is the commute in Peterson?
The average commute to work in Peterson is 26 minutes; 1.2% of workers work from home.
What is the unemployment rate in Peterson?
The unemployment rate in Peterson is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peterson?
30.6% of adults in Peterson 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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