Larrabee, IA
Population 116 · Iowa
About Larrabee, IA
Larrabee is a small community located in Iowa with a population of 116 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,143 per year, which is 37% below the national median of $75,149. The median age of 55.5 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 Larrabee features a median home value of $53,100, which is 78% below the national median of $244,900. This makes Larrabee one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 63 total housing units, 94% are owner-occupied (51 units) and 6% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Larrabee shows an unemployment rate of 10.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Larrabee have an average one-way commute time of 21.7 minutes.
Education & Demographics
14.7% of Larrabee 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 2.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.4% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Larrabee, IA
Compared to national averages, Larrabee has a median household income of $47,143 (37% below the national median of $75,149). Home values average $53,100, which is 78% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Larrabee's income is 31% below the state average of $67,947, and home values are 60% below the state median of $132,237.
Why Live in Larrabee, IA?
Larrabee offers affordable housing with a median home value of $53,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 7.8%, better than the national average. Additionally, the city features short commute times averaging just 21.7 minutes.
Potential considerations include median household income ($47,143) that falls below the national average. However, Larrabee’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Larrabee has a population of 116 with a median age of 55.5 years. Compare Larrabee 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 Larrabee
What is the population of Larrabee, IA?
The population of Larrabee, IA is 116 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 Larrabee?
The median household income in Larrabee, IA is $47,143 per year, which is 37% below the national median of $75,149.
What is the median home value in Larrabee?
The median home value in Larrabee, IA is $53,100, which is 78% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Larrabee?
The median monthly rent in Larrabee, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Larrabee?
The unemployment rate in Larrabee, IA is 10.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Larrabee, IA a good place to live?
Larrabee offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 116 and a median age of 55.5, the city appeals to established professionals and retirees.
How educated is Larrabee, IA?
14.7% of residents in Larrabee 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 Larrabee?
Key cost-of-living indicators for Larrabee, IA: median home value is $53,100 (78% below national), median rent is $0/month, and median household income is $47,143. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Larrabee?
The poverty rate in Larrabee, IA is 7.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Larrabee, IA?
Larrabee's population is 2.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.4% Asian, and 0.0% two or more races. 1.7% of residents are foreign-born.