Lanesboro, IA
Population 69 · Iowa
About Lanesboro, IA
Lanesboro is a small community located in Iowa with a population of 69 residents according to the latest US Census Bureau American Community Survey data. The median household income is $36,667 per year, which is 51% below the national median of $75,149. The median age of 60.1 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 Lanesboro features a median home value of $91,700, which is 63% below the national median of $244,900. This makes Lanesboro one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $338, 71% below the national average of $1,163/month. Of the 99 total housing units, 87% are owner-occupied (40 units) and 13% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lanesboro shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.9%, above the national average of 12.4%. Workers in Lanesboro have an average one-way commute time of 24.7 minutes.
Education & Demographics
6.3% of Lanesboro 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lanesboro Ranks in Iowa
Cost of Living in Lanesboro, IA
Compared to national averages, Lanesboro has a median household income of $36,667 (51% below the national median of $75,149). Home values average $91,700, which is 63% below the national median. Monthly rent at $338 is 71% below the US average of $1,163. Within Iowa, Lanesboro's income is 46% below the state average of $67,947, and home values are 31% below the state median of $132,237.
Why Live in Lanesboro, IA?
Lanesboro offers affordable housing with a median home value of $91,700, below the US average of $244,900, and rent that’s lower than the national average at $338/month, and short commute times averaging just 24.7 minutes.
Potential considerations include median household income ($36,667) that falls below the national average. However, Lanesboro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lanesboro has a population of 69 with a median age of 60.1 years. Compare Lanesboro with other cities to see how it stacks up, or explore all cities in Iowa.
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Demographics
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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 Lanesboro
What is the population of Lanesboro, IA?
The population of Lanesboro, IA is 69 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 Lanesboro?
The median household income in Lanesboro, IA is $36,667 per year, which is 51% below the national median of $75,149.
What is the median home value in Lanesboro?
The median home value in Lanesboro, IA is $91,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lanesboro?
The median monthly rent in Lanesboro, IA is $338, which is 71% below the national average of $1,163/month.
What is the unemployment rate in Lanesboro?
The unemployment rate in Lanesboro, IA is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lanesboro, IA a good place to live?
Lanesboro offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 69 and a median age of 60.1, the city appeals to established professionals and retirees.
How educated is Lanesboro, IA?
6.3% of residents in Lanesboro 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 Lanesboro?
Key cost-of-living indicators for Lanesboro, IA: median home value is $91,700 (63% below national), median rent is $338/month, and median household income is $36,667. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lanesboro?
The poverty rate in Lanesboro, IA is 15.9%, 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 Lanesboro, IA?
Lanesboro's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.