Matlock, IA
Population 140 · Iowa
About Matlock, IA
Matlock is a small community located in Iowa with a population of 140 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,771 per year, which is 9% above the national median of $75,149. The median age of 57.9 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 Matlock features a median home value of $89,700, which is 63% below the national median of $244,900. This makes Matlock 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 64 total housing units, 97% are owner-occupied (59 units) and 3% are renter-occupied (2 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Matlock 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 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Matlock have an average one-way commute time of 16.4 minutes, one of the shorter commutes in the region.
Education & Demographics
20.2% of Matlock 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 2.1% White, 0.0% Hispanic or Latino, 0.7% Black or African American, and 0.0% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Matlock, IA
Compared to national averages, Matlock has a median household income of $81,771 (9% above the national median of $75,149). Home values average $89,700, which is 63% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Matlock's income is 20% above the state average of $67,947, and home values are 32% below the state median of $132,237.
Why Live in Matlock, IA?
Matlock offers a strong local economy with a median household income of $81,771, well above the national average, and affordable housing with a median home value of $89,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 1.4%, better than the national average, and short commute times averaging just 16.4 minutes.
Matlock has a population of 140 with a median age of 57.9 years. Compare Matlock 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 Matlock
What is the population of Matlock, IA?
The population of Matlock, IA is 140 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 Matlock?
The median household income in Matlock, IA is $81,771 per year, which is 9% above the national median of $75,149.
What is the median home value in Matlock?
The median home value in Matlock, IA is $89,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Matlock?
The median monthly rent in Matlock, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Matlock?
The unemployment rate in Matlock, 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 Matlock, IA a good place to live?
Matlock offers above-average incomes, affordable housing, and a strong job market. With a population of 140 and a median age of 57.9, the city appeals to established professionals and retirees.
How educated is Matlock, IA?
20.2% of residents in Matlock 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 Matlock?
Key cost-of-living indicators for Matlock, IA: median home value is $89,700 (63% below national), median rent is $0/month, and median household income is $81,771. The home-value-to-income ratio is 1.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Matlock?
The poverty rate in Matlock, IA is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Matlock, IA?
Matlock's population is 2.1% White, 0.0% Hispanic or Latino, 0.7% Black or African American, 0.0% Asian, and 0.7% two or more races. 2.1% of residents are foreign-born.