Bennett, IA
Population 418 · Iowa
About Bennett, IA
Bennett is a small community located in Iowa with a population of 418 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,714 per year, which is 13% below the national median of $75,149. The median age of 41.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bennett features a median home value of $135,800, which is 45% below the national median of $244,900. This makes Bennett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,000, 14% below the national average of $1,163/month. Of the 205 total housing units, 70% are owner-occupied (121 units) and 30% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bennett shows an unemployment rate of 2.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Bennett have an average one-way commute time of 27.5 minutes.
Education & Demographics
9.0% of Bennett 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 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.5% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Bennett, IA
Compared to national averages, Bennett has a median household income of $65,714 (13% below the national median of $75,149). Home values average $135,800, which is 45% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Iowa, Bennett's income is 3% below the state average of $67,947, and home values are 3% above the state median of $132,237.
Why Live in Bennett, IA?
Bennett offers affordable housing with a median home value of $135,800, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month, and a strong job market with an unemployment rate of just 2.3%.
Potential considerations include median household income ($65,714) that falls below the national average. However, Bennett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bennett has a population of 418 with a median age of 41.6 years. Compare Bennett with other cities to see how it stacks up, or explore all cities in Iowa.
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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 Bennett
What is the population of Bennett, IA?
The population of Bennett, IA is 418 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 Bennett?
The median household income in Bennett, IA is $65,714 per year, which is 13% below the national median of $75,149.
What is the median home value in Bennett?
The median home value in Bennett, IA is $135,800, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bennett?
The median monthly rent in Bennett, IA is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Bennett?
The unemployment rate in Bennett, IA is 2.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bennett, IA a good place to live?
Bennett offers a moderate cost of living, affordable housing, and a strong job market. With a population of 418 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Bennett, IA?
9.0% of residents in Bennett 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 Bennett?
Key cost-of-living indicators for Bennett, IA: median home value is $135,800 (45% below national), median rent is $1,000/month, and median household income is $65,714. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bennett?
The poverty rate in Bennett, IA is 12.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bennett, IA?
Bennett's population is 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.5% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.