Carpenter, IA
Population 70 · Iowa
About Carpenter, IA
Carpenter is a small community located in Iowa with a population of 70 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,344 per year, which is 4% below the national median of $75,149. The median age of 49.8 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 Carpenter features a median home value of $62,500, which is 74% below the national median of $244,900. This makes Carpenter one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $775, 33% below the national average of $1,163/month. Of the 46 total housing units, 83% are owner-occupied (34 units) and 17% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carpenter shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carpenter have an average one-way commute time of 31.2 minutes.
Education & Demographics
9.1% of Carpenter 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 15.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Carpenter, IA
Compared to national averages, Carpenter has a median household income of $72,344 (4% below the national median of $75,149). Home values average $62,500, which is 74% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Iowa, Carpenter's income is 6% above the state average of $67,947, and home values are 53% below the state median of $132,237.
Why Live in Carpenter, IA?
Carpenter offers affordable housing with a median home value of $62,500, below the US average of $244,900, and rent that’s lower than the national average at $775/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 4.3%, better than the national average.
Potential considerations include median household income ($72,344) that falls below the national average. However, Carpenter’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carpenter has a population of 70 with a median age of 49.8 years. Compare Carpenter 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 Carpenter
What is the population of Carpenter, IA?
The population of Carpenter, IA is 70 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 Carpenter?
The median household income in Carpenter, IA is $72,344 per year, which is 4% below the national median of $75,149.
What is the median home value in Carpenter?
The median home value in Carpenter, IA is $62,500, which is 74% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carpenter?
The median monthly rent in Carpenter, IA is $775, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Carpenter?
The unemployment rate in Carpenter, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Carpenter, IA a good place to live?
Carpenter offers a moderate cost of living, affordable housing, and a strong job market. With a population of 70 and a median age of 49.8, the city appeals to established professionals and retirees.
How educated is Carpenter, IA?
9.1% of residents in Carpenter 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 Carpenter?
Key cost-of-living indicators for Carpenter, IA: median home value is $62,500 (74% below national), median rent is $775/month, and median household income is $72,344. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carpenter?
The poverty rate in Carpenter, IA is 4.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carpenter, IA?
Carpenter's population is 15.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.