Living in Underwood, Iowa
Cost of living, income, home prices, rent and demographics of Underwood · Census data 2020–2024
Underwood has 898 residents with a median age of 33.5. The median household income is $105,341 (40% higher than the Iowa median), the median home value is $253,500, the median rent is $1,063/month.
Underwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Underwood at a glance
- Population
- 898
- Median age
- 33.5State: 38.6
- Median household income
- $105,341State: $75,059
- Median home value
- $253,500State: $208,000
- Median rent
- $1,063/moState: $972
- Homeowners
- 83.5%
- Bachelor's degree or higher
- 35.1%
- Average commute
- 26 min
Is Underwood a good place to live?
Pros: Median household income 40% higher than the Iowa median; a poverty rate of 3.3%.
Cons: Home values 22% higher than the state median; an average commute of 26 minutes.
The weather is best in May–June and August–September.
Cost of living in Underwood
Housing is the biggest part of the cost of living. In Underwood the median home value is $253,500, 24% lower than the U.S. median. Renters pay a median of $1,063 per month, which is 18.8% of household income. Homeowners with a mortgage pay $1,755 a month in housing costs.
Underwood median household income
The median household income in Underwood is $105,341 and the income per person is $41,158. 3.3% of residents live below the poverty line (Iowa: 11.1%).
Housing in Underwood: homes for sale and rent
- Housing units
- 332
- Owner-occupied
- 83.5%
- Renter-occupied
- 16.5%
- Vacant
- 5.1%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 2.85
Underwood demographics
- Population
- 898
- Median age
- 33.5
- Under 18
- 34.3%
- 65 and older
- 10.9%
- Households
- 315
- Foreign-born
- 1.9%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Underwood ›
Education in Underwood
35.1% of adults 25 and older in Underwood have a bachelor's degree or higher (Iowa: 31.4%), and 14.6% have a graduate or professional degree.
Jobs and commute in Underwood
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 26 minState: 20 min
- Work from home
- 12.4%
- Drive alone
- 76.5%
- Public transit
- 0%
- Walk to work
- 4.2%
- Homes with broadband
- 93%
Underwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Underwood | 898 | $105,341 | $253,500 | $1,063 |
| McClelland | 140 | $108,125 | $182,800 | — |
| Neola | 1,116 | $73,306 | $205,100 | $968 |
| Crescent | 549 | $116,042 | $283,900 | — |
| Minden | 630 | $109,167 | $170,500 | $700 |
| Treynor | 1,126 | $121,696 | $263,500 | $1,122 |
| Council Bluffs | 62,586 | $64,578 | $171,800 | $1,030 |
| Carter Lake | 3,767 | $85,349 | $169,400 | $1,323 |
| Shelby | 752 | $63,654 | $162,500 | $840 |
More for people moving to Underwood
Underwood ZIP code ›Weather and climate ›Living in Underwood: FAQ
What is the median household income in Underwood, IA?
The median household income in Underwood is $105,341, 40% higher 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 Underwood?
The median home value in Underwood is $253,500, compared with $208,000 in Iowa.
How much is rent in Underwood?
The median gross rent in Underwood is $1,063 per month, about 18.8% of household income.
Is Underwood, IA a good place to live?
Pluses: median household income 40% higher than the Iowa median; a poverty rate of 3.3%. Minuses: home values 22% higher than the state median; an average commute of 26 minutes.
What is the median age in Underwood?
The median age in Underwood is 33.5 years (Iowa: 38.6).
How long is the commute in Underwood?
The average commute to work in Underwood is 26 minutes; 12.4% of workers work from home.
What is the unemployment rate in Underwood?
The unemployment rate in Underwood is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Underwood?
35.1% of adults in Underwood 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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