Gilman, IA
Population 613 · Iowa
About Gilman, IA
Gilman is a small community located in Iowa with a population of 613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,974 per year, which is 29% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Gilman features a median home value of $81,900, which is 67% below the national median of $244,900. This makes Gilman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $650, 44% below the national average of $1,163/month. Of the 309 total housing units, 83% are owner-occupied (230 units) and 17% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gilman shows an unemployment rate of 8.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Gilman have an average one-way commute time of 29.3 minutes.
Education & Demographics
15.9% of Gilman 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 2.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Gilman, IA
Compared to national averages, Gilman has a median household income of $96,974 (29% above the national median of $75,149). Home values average $81,900, which is 67% below the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within Iowa, Gilman's income is 43% above the state average of $67,947, and home values are 38% below the state median of $132,237.
Why Live in Gilman, IA?
Gilman offers a strong local economy with a median household income of $96,974, well above the national average, and affordable housing with a median home value of $81,900, below the US average of $244,900, and rent that’s lower than the national average at $650/month. Additionally, the city features a low poverty rate of 10.8%, better than the national average.
Gilman has a population of 613 with a median age of 41.7 years. Compare Gilman 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 Gilman
What is the population of Gilman, IA?
The population of Gilman, IA is 613 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 Gilman?
The median household income in Gilman, IA is $96,974 per year, which is 29% above the national median of $75,149.
What is the median home value in Gilman?
The median home value in Gilman, IA is $81,900, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gilman?
The median monthly rent in Gilman, IA is $650, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Gilman?
The unemployment rate in Gilman, IA is 8.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gilman, IA a good place to live?
Gilman offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 613 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Gilman, IA?
15.9% of residents in Gilman 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 Gilman?
Key cost-of-living indicators for Gilman, IA: median home value is $81,900 (67% below national), median rent is $650/month, and median household income is $96,974. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gilman?
The poverty rate in Gilman, IA is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Gilman, IA?
Gilman's population is 2.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.