Living in Toronto, Iowa
Cost of living, income, home prices, rent and demographics of Toronto · Census data 2020–2024
Toronto has 87 residents with a median age of 61.5. The median household income is $51,786 (31% lower than the Iowa median), the median home value is $103,100.
Toronto is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Toronto at a glance
- Population
- 87
- Median age
- 61.5State: 38.6
- Median household income
- $51,786State: $75,059
- Median home value
- $103,100State: $208,000
- Homeowners
- 97.5%
- Bachelor's degree or higher
- 0%
- Average commute
- 24 min
Is Toronto a good place to live?
Pros: Home values 50% lower than the state median; a poverty rate of 5.7%.
Cons: Median household income 31% lower than the Iowa median; an average commute of 24 minutes.
The weather is best in May–June and August–September.
Cost of living in Toronto
Housing is the biggest part of the cost of living. In Toronto the median home value is $103,100, 69% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,266 a month in housing costs.
Toronto median household income
The median household income in Toronto is $51,786 and the income per person is $26,325. 5.7% of residents live below the poverty line (Iowa: 11.1%).
Housing in Toronto: homes for sale and rent
- Housing units
- 44
- Owner-occupied
- 97.5%
- Renter-occupied
- 2.5%
- Vacant
- 9.1%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.18
Toronto demographics
- Population
- 87
- Median age
- 61.5
- Under 18
- 18.4%
- 65 and older
- 42.5%
- Households
- 40
- Foreign-born
- 1.1%
- Veterans
- 19.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Toronto ›
Education in Toronto
0% of adults 25 and older in Toronto have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Toronto
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 24 minState: 20 min
- Work from home
- 30%
- Drive alone
- 63.3%
- Public transit
- 0%
- Walk to work
- 6.7%
- Homes with broadband
- 90%
Toronto vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Toronto | 87 | $51,786 | $103,100 | — |
| Lowden | 699 | $56,118 | $119,800 | $839 |
| Lost Nation | 390 | $57,000 | $77,300 | $492 |
| Wheatland | 925 | $39,167 | $119,100 | $791 |
| Oxford Junction | 461 | $37,969 | $72,500 | $768 |
| Calamus | 417 | $68,250 | $148,100 | $641 |
| Clarence | 1,166 | $56,250 | $154,300 | $888 |
| Baldwin | 153 | $58,875 | $57,500 | — |
| Dixon | 190 | $62,500 | $121,500 | — |
More for people moving to Toronto
Toronto ZIP code ›Weather and climate ›Living in Toronto: FAQ
What is the median household income in Toronto, IA?
The median household income in Toronto is $51,786, 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 Toronto?
The median home value in Toronto is $103,100, compared with $208,000 in Iowa.
Is Toronto, IA a good place to live?
Pluses: home values 50% lower than the state median; a poverty rate of 5.7%. Minuses: median household income 31% lower than the Iowa median; an average commute of 24 minutes.
What is the median age in Toronto?
The median age in Toronto is 61.5 years (Iowa: 38.6).
How long is the commute in Toronto?
The average commute to work in Toronto is 24 minutes; 30% of workers work from home.
What is the unemployment rate in Toronto?
The unemployment rate in Toronto is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Toronto?
0% of adults in Toronto 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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