Grand Junction, IA
Population 615 · Iowa
About Grand Junction, IA
Grand Junction is a small community located in Iowa with a population of 615 residents according to the latest US Census Bureau American Community Survey data. The median household income is $52,292 per year, which is 30% below the national median of $75,149. The median age of 38.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Grand Junction features a median home value of $78,000, which is 68% below the national median of $244,900. This makes Grand Junction one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $857, 26% below the national average of $1,163/month. Of the 308 total housing units, 63% are owner-occupied (175 units) and 37% are renter-occupied (104 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Grand Junction shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.3%, above the national average of 12.4%. Workers in Grand Junction have an average one-way commute time of 27.7 minutes.
Education & Demographics
10.4% of Grand Junction 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 0.0% White, 5.0% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Grand Junction, IA
Compared to national averages, Grand Junction has a median household income of $52,292 (30% below the national median of $75,149). Home values average $78,000, which is 68% below the national median. Monthly rent at $857 is 26% below the US average of $1,163. Within Iowa, Grand Junction's income is 23% below the state average of $67,947, and home values are 41% below the state median of $132,237.
Why Live in Grand Junction, IA?
Grand Junction offers affordable housing with a median home value of $78,000, below the US average of $244,900, and rent that’s lower than the national average at $857/month.
Potential considerations include median household income ($52,292) that falls below the national average. However, Grand Junction’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grand Junction has a population of 615 with a median age of 38.7 years. Compare Grand Junction with other cities to see how it stacks up, or explore all cities in Iowa.
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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 Grand Junction
What is the population of Grand Junction, IA?
The population of Grand Junction, IA is 615 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 Grand Junction?
The median household income in Grand Junction, IA is $52,292 per year, which is 30% below the national median of $75,149.
What is the median home value in Grand Junction?
The median home value in Grand Junction, IA is $78,000, which is 68% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grand Junction?
The median monthly rent in Grand Junction, IA is $857, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Grand Junction?
The unemployment rate in Grand Junction, IA is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Grand Junction, IA a good place to live?
Grand Junction offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 615 and a median age of 38.7, the city appeals to a broad range of residents.
How educated is Grand Junction, IA?
10.4% of residents in Grand Junction 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 Grand Junction?
Key cost-of-living indicators for Grand Junction, IA: median home value is $78,000 (68% below national), median rent is $857/month, and median household income is $52,292. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grand Junction?
The poverty rate in Grand Junction, IA is 16.3%, 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 Grand Junction, IA?
Grand Junction's population is 0.0% White, 5.0% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.