Elliott, IA
Population 419 · Iowa
About Elliott, IA
Elliott is a small community located in Iowa with a population of 419 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,357 per year, which is 13% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elliott features a median home value of $68,100, which is 72% below the national median of $244,900. This makes Elliott one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $840, 28% below the national average of $1,163/month. Of the 207 total housing units, 74% are owner-occupied (137 units) and 26% are renter-occupied (47 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elliott shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 9.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elliott have an average one-way commute time of 25.6 minutes.
Education & Demographics
13.8% of Elliott 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 3.3% White, 0.2% 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 Elliott, IA
Compared to national averages, Elliott has a median household income of $65,357 (13% below the national median of $75,149). Home values average $68,100, which is 72% below the national median. Monthly rent at $840 is 28% below the US average of $1,163. Within Iowa, Elliott's income is 4% below the state average of $67,947, and home values are 49% below the state median of $132,237.
Why Live in Elliott, IA?
Elliott offers affordable housing with a median home value of $68,100, below the US average of $244,900, and rent that’s lower than the national average at $840/month, and a low poverty rate of 9.7%, better than the national average.
Potential considerations include median household income ($65,357) that falls below the national average. However, Elliott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elliott has a population of 419 with a median age of 38.6 years. Compare Elliott with other cities to see how it stacks up, or explore all cities in Iowa.
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Cities in Iowa with a similar population size.
Demographics
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Economy & Education
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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 Elliott
What is the population of Elliott, IA?
The population of Elliott, IA is 419 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 Elliott?
The median household income in Elliott, IA is $65,357 per year, which is 13% below the national median of $75,149.
What is the median home value in Elliott?
The median home value in Elliott, IA is $68,100, which is 72% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elliott?
The median monthly rent in Elliott, IA is $840, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Elliott?
The unemployment rate in Elliott, IA is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Elliott, IA a good place to live?
Elliott offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 419 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Elliott, IA?
13.8% of residents in Elliott 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 Elliott?
Key cost-of-living indicators for Elliott, IA: median home value is $68,100 (72% below national), median rent is $840/month, and median household income is $65,357. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elliott?
The poverty rate in Elliott, IA is 9.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elliott, IA?
Elliott's population is 3.3% White, 0.2% 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.