Agency, IA
Population 516 · Iowa
About Agency, IA
Agency is a small community located in Iowa with a population of 516 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,028 per year, which is 21% below the national median of $75,149. The median age of 44.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Agency features a median home value of $138,800, which is 43% below the national median of $244,900. This makes Agency one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $573, 51% below the national average of $1,163/month. Of the 268 total housing units, 76% are owner-occupied (180 units) and 24% are renter-occupied (57 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Agency shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Agency have an average one-way commute time of 19.4 minutes, one of the shorter commutes in the region.
Education & Demographics
17.8% of Agency residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Agency, IA
Compared to national averages, Agency has a median household income of $59,028 (21% below the national median of $75,149). Home values average $138,800, which is 43% below the national median. Monthly rent at $573 is 51% below the US average of $1,163. Within Iowa, Agency's income is 13% below the state average of $67,947, and home values are 5% above the state median of $132,237.
Why Live in Agency, IA?
Agency offers affordable housing with a median home value of $138,800, below the US average of $244,900, and rent that’s lower than the national average at $573/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 11.6%, better than the national average, and short commute times averaging just 19.4 minutes.
Potential considerations include median household income ($59,028) that falls below the national average. However, Agency’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Agency has a population of 516 with a median age of 44.8 years. Compare Agency with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Agency
What is the population of Agency, IA?
The population of Agency, IA is 516 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Agency?
The median household income in Agency, IA is $59,028 per year, which is 21% below the national median of $75,149.
What is the median home value in Agency?
The median home value in Agency, IA is $138,800, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Agency?
The median monthly rent in Agency, IA is $573, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Agency?
The unemployment rate in Agency, IA is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Agency, IA a good place to live?
Agency offers a moderate cost of living, affordable housing, and a strong job market. With a population of 516 and a median age of 44.8, the city appeals to a broad range of residents.
How educated is Agency, IA?
17.8% of residents in Agency aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Agency?
Key cost-of-living indicators for Agency, IA: median home value is $138,800 (43% below national), median rent is $573/month, and median household income is $59,028. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Agency?
The poverty rate in Agency, IA is 11.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Agency, IA?
Agency's population is 1.0% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.