Algona, IA
Population 5,414 · Iowa
About Algona, IA
Algona is a small community in Iowa with a population of 5,414 residents. The median household income is $52,542 per year, which is near the national average. The median age in Algona is 43.1 years.
Housing in Algona has a median home value of $156,200 and median monthly rent of $887. Of the 2,710 total housing units, the majority are owner-occupied, with 1,652 owner-occupied and 885 renter-occupied units.
The unemployment rate in Algona is 1.9% and the poverty rate is 7.6%. 23.7% of residents hold a bachelor's degree or higher. The average commute time is 11.9 minutes.
Cost of Living in Algona, IA
Compared to national averages, Algona has a median household income of $52,542 (30% below the national median of $75,149). Home values average $156,200, which is 36% below the national median. Monthly rent at $887 is 24% below the US average of $1,163. Within Iowa, Algona's income is 23% below the state average of $67,947, and home values are 18% above the state median of $132,237.
Why Live in Algona, IA?
Algona offers affordable housing with a median home value of $156,200, below the US average of $244,900, and rent that’s lower than the national average at $887/month, and a strong job market with an unemployment rate of just 1.9%. Additionally, the city features a low poverty rate of 7.6%, better than the national average, and short commute times averaging just 11.9 minutes.
Potential considerations include median household income ($52,542) that falls below the national average. However, Algona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Algona has a population of 5,414 with a median age of 43.1 years. Compare Algona with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Algona
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sheldon | 5,386 | $68,448 | $173,600 | Compare |
| Winterset | 5,384 | $69,268 | $181,500 | Compare |
| Centerville | 5,377 | $41,472 | $99,000 | Compare |
| Clarinda | 5,366 | $50,644 | $112,200 | Compare |
| Spirit Lake | 5,469 | $73,627 | $218,400 | Compare |
| Osceola | 5,495 | $62,363 | $145,300 | Compare |
| DeWitt | 5,535 | $84,474 | $223,100 | Compare |
| Red Oak | 5,542 | $52,996 | $91,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Algona
What is the population of Algona, IA?
The population of Algona, IA is 5,414 according to the latest Census data.
What is the median household income in Algona?
The median household income in Algona, IA is $52,542 per year.
What is the median home value in Algona?
The median home value in Algona, IA is $156,200.
What is the average rent in Algona?
The median monthly rent in Algona, IA is $887.
What is the unemployment rate in Algona?
The unemployment rate in Algona, IA is 1.9%.