Gilbert, IA
Population 1,300 · Iowa
About Gilbert, IA
Gilbert is a small town located in Iowa with a population of 1,300 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,250 per year, which is 49% above the national median of $75,149. The median age of 42.3 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 Gilbert features a median home value of $267,200, which is 9% above the national median of $244,900. This positions Gilbert in a moderately priced market relative to the rest of the country. Median monthly rent is $887, 24% below the national average of $1,163/month. Of the 521 total housing units, 87% are owner-occupied (451 units) and 13% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gilbert shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gilbert have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
45.5% of Gilbert residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.8% White, 2.9% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 4.7% of the population being foreign-born.
How Gilbert Ranks in Iowa
Cost of Living in Gilbert, IA
Compared to national averages, Gilbert has a median household income of $112,250 (49% above the national median of $75,149). Home values average $267,200, which is 9% above the national median. Monthly rent at $887 is 24% below the US average of $1,163. Within Iowa, Gilbert's income is 65% above the state average of $67,947, and home values are 102% above the state median of $132,237.
Why Live in Gilbert, IA?
Gilbert offers a strong local economy with a median household income of $112,250, well above the national average, and rent that’s lower than the national average at $887/month, and a well-educated community where 45.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.0%, better than the national average, and short commute times averaging just 17.5 minutes.
Gilbert has a population of 1,300 with a median age of 42.3 years. Compare Gilbert with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Gilbert
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Manly | 1,288 | $67,083 | $110,900 | Compare |
| Lone Tree | 1,285 | $80,294 | $170,700 | Compare |
| Dunlap | 1,318 | $54,609 | $115,600 | Compare |
| Walford | 1,318 | $116,477 | $274,500 | Compare |
| Central City | 1,266 | $81,607 | $166,400 | Compare |
| Walnut | 1,339 | $65,278 | $97,900 | Compare |
| Dike | 1,258 | $88,523 | $235,900 | Compare |
| Montezuma | 1,257 | $63,375 | $157,800 | 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.
Compare Gilbert With Other Cities
Frequently Asked Questions about Gilbert
What is the population of Gilbert, IA?
The population of Gilbert, IA is 1,300 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Gilbert?
The median household income in Gilbert, IA is $112,250 per year, which is 49% above the national median of $75,149.
What is the median home value in Gilbert?
The median home value in Gilbert, IA is $267,200, which is 9% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gilbert?
The median monthly rent in Gilbert, IA is $887, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Gilbert?
The unemployment rate in Gilbert, IA is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gilbert, IA a good place to live?
Gilbert offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,300 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Gilbert, IA?
45.5% of residents in Gilbert aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Gilbert?
Key cost-of-living indicators for Gilbert, IA: median home value is $267,200 (9% above national), median rent is $887/month, and median household income is $112,250. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gilbert?
The poverty rate in Gilbert, IA is 5.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gilbert, IA?
Gilbert's population is 1.8% White, 2.9% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.4% two or more races. 4.7% of residents are foreign-born.