Maxwell, IA
Population 789 · Iowa
About Maxwell, IA
Maxwell is a small community located in Iowa with a population of 789 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,789 per year, which is 14% above the national median of $75,149. The median age of 38.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Maxwell features a median home value of $147,300, which is 40% below the national median of $244,900. This positions Maxwell in a moderately priced market relative to the rest of the country. Median monthly rent is $625, 46% below the national average of $1,163/month. Of the 363 total housing units, 86% are owner-occupied (291 units) and 14% are renter-occupied (47 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Maxwell shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Maxwell have an average one-way commute time of 27 minutes.
Education & Demographics
28.7% of Maxwell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 5.8% White, 0.8% Hispanic or Latino, 0.4% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Maxwell, IA
Compared to national averages, Maxwell has a median household income of $85,789 (14% above the national median of $75,149). Home values average $147,300, which is 40% below the national median. Monthly rent at $625 is 46% below the US average of $1,163. Within Iowa, Maxwell's income is 26% above the state average of $67,947, and home values are 11% above the state median of $132,237.
Why Live in Maxwell, IA?
Maxwell offers a strong local economy with a median household income of $85,789, well above the national average, and affordable housing with a median home value of $147,300, below the US average of $244,900, and rent that’s lower than the national average at $625/month. Additionally, the city features a strong job market with an unemployment rate of just 3.4%, and a low poverty rate of 9.8%, better than the national average.
Maxwell has a population of 789 with a median age of 38.3 years. Compare Maxwell 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 Maxwell
What is the population of Maxwell, IA?
The population of Maxwell, IA is 789 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 Maxwell?
The median household income in Maxwell, IA is $85,789 per year, which is 14% above the national median of $75,149.
What is the median home value in Maxwell?
The median home value in Maxwell, IA is $147,300, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Maxwell?
The median monthly rent in Maxwell, IA is $625, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Maxwell?
The unemployment rate in Maxwell, IA is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Maxwell, IA a good place to live?
Maxwell offers above-average incomes, affordable housing, and a strong job market. With a population of 789 and a median age of 38.3, the city appeals to a broad range of residents.
How educated is Maxwell, IA?
28.7% of residents in Maxwell 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 Maxwell?
Key cost-of-living indicators for Maxwell, IA: median home value is $147,300 (40% below national), median rent is $625/month, and median household income is $85,789. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Maxwell?
The poverty rate in Maxwell, IA is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Maxwell, IA?
Maxwell's population is 5.8% White, 0.8% Hispanic or Latino, 0.4% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.9% of residents are foreign-born.