Gilmore City, IA
Population 663 · Iowa
About Gilmore City, IA
Gilmore City is a small community located in Iowa with a population of 663 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,250 per year, which is 32% below the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Gilmore City features a median home value of $82,700, which is 66% below the national median of $244,900. This makes Gilmore City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $654, 44% below the national average of $1,163/month. Of the 299 total housing units, 72% are owner-occupied (204 units) and 28% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gilmore City shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.7%, above the national average of 12.4%. Workers in Gilmore City have an average one-way commute time of 16.8 minutes, one of the shorter commutes in the region.
Education & Demographics
14.6% of Gilmore City 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 8.7% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.4% of the population being foreign-born.
Cost of Living in Gilmore City, IA
Compared to national averages, Gilmore City has a median household income of $51,250 (32% below the national median of $75,149). Home values average $82,700, which is 66% below the national median. Monthly rent at $654 is 44% below the US average of $1,163. Within Iowa, Gilmore City's income is 25% below the state average of $67,947, and home values are 37% below the state median of $132,237.
Why Live in Gilmore City, IA?
Gilmore City offers affordable housing with a median home value of $82,700, below the US average of $244,900, and rent that’s lower than the national average at $654/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features short commute times averaging just 16.8 minutes.
Potential considerations include median household income ($51,250) that falls below the national average. However, Gilmore City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gilmore City has a population of 663 with a median age of 36.3 years. Compare Gilmore City 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 Gilmore City
What is the population of Gilmore City, IA?
The population of Gilmore City, IA is 663 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 Gilmore City?
The median household income in Gilmore City, IA is $51,250 per year, which is 32% below the national median of $75,149.
What is the median home value in Gilmore City?
The median home value in Gilmore City, IA is $82,700, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gilmore City?
The median monthly rent in Gilmore City, IA is $654, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Gilmore City?
The unemployment rate in Gilmore City, IA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Gilmore City, IA a good place to live?
Gilmore City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 663 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Gilmore City, IA?
14.6% of residents in Gilmore City 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 Gilmore City?
Key cost-of-living indicators for Gilmore City, IA: median home value is $82,700 (66% below national), median rent is $654/month, and median household income is $51,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gilmore City?
The poverty rate in Gilmore City, IA is 15.7%, 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 Gilmore City, IA?
Gilmore City's population is 8.7% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 4.4% of residents are foreign-born.