Goldfield, IA
Population 616 · Iowa
About Goldfield, IA
Goldfield is a small community located in Iowa with a population of 616 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,500 per year, which is 27% below the national median of $75,149. The median age of 45.4 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 Goldfield features a median home value of $87,800, which is 64% below the national median of $244,900. This makes Goldfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $535, 54% below the national average of $1,163/month. Of the 320 total housing units, 81% are owner-occupied (220 units) and 19% are renter-occupied (52 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goldfield 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 13.1%, above the national average of 12.4%. Workers in Goldfield have an average one-way commute time of 20.3 minutes.
Education & Demographics
20.8% of Goldfield 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 1.5% White, 0.2% Hispanic or Latino, 4.5% Black or African American, and 0.0% Asian residents, with 0.6% of the population being foreign-born.
How Goldfield Ranks in Iowa
Cost of Living in Goldfield, IA
Compared to national averages, Goldfield has a median household income of $54,500 (27% below the national median of $75,149). Home values average $87,800, which is 64% below the national median. Monthly rent at $535 is 54% below the US average of $1,163. Within Iowa, Goldfield's income is 20% below the state average of $67,947, and home values are 34% below the state median of $132,237.
Why Live in Goldfield, IA?
Goldfield offers affordable housing with a median home value of $87,800, below the US average of $244,900, and rent that’s lower than the national average at $535/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 20.3 minutes.
Potential considerations include median household income ($54,500) that falls below the national average. However, Goldfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goldfield has a population of 616 with a median age of 45.4 years. Compare Goldfield with other cities to see how it stacks up, or explore all cities in Iowa.
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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 Goldfield
What is the population of Goldfield, IA?
The population of Goldfield, IA is 616 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 Goldfield?
The median household income in Goldfield, IA is $54,500 per year, which is 27% below the national median of $75,149.
What is the median home value in Goldfield?
The median home value in Goldfield, IA is $87,800, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goldfield?
The median monthly rent in Goldfield, IA is $535, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Goldfield?
The unemployment rate in Goldfield, 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 Goldfield, IA a good place to live?
Goldfield offers a moderate cost of living, affordable housing, and a strong job market. With a population of 616 and a median age of 45.4, the city appeals to established professionals and retirees.
How educated is Goldfield, IA?
20.8% of residents in Goldfield 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 Goldfield?
Key cost-of-living indicators for Goldfield, IA: median home value is $87,800 (64% below national), median rent is $535/month, and median household income is $54,500. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goldfield?
The poverty rate in Goldfield, IA is 13.1%, 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 Goldfield, IA?
Goldfield's population is 1.5% White, 0.2% Hispanic or Latino, 4.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.