Mingo, IA
Population 373 · Iowa
About Mingo, IA
Mingo is a small community located in Iowa with a population of 373 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,806 per year, which is 18% below the national median of $75,149. The median age of 40.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mingo features a median home value of $120,300, which is 51% below the national median of $244,900. This makes Mingo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $691, 41% below the national average of $1,163/month. Of the 163 total housing units, 78% are owner-occupied (119 units) and 22% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mingo shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 6.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mingo have an average one-way commute time of 29.7 minutes.
Education & Demographics
13.3% of Mingo 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, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Mingo, IA
Compared to national averages, Mingo has a median household income of $61,806 (18% below the national median of $75,149). Home values average $120,300, which is 51% below the national median. Monthly rent at $691 is 41% below the US average of $1,163. Within Iowa, Mingo's income is 9% below the state average of $67,947, and home values are 9% below the state median of $132,237.
Why Live in Mingo, IA?
Mingo offers affordable housing with a median home value of $120,300, below the US average of $244,900, and rent that’s lower than the national average at $691/month, and a low poverty rate of 6.4%, better than the national average.
Potential considerations include median household income ($61,806) that falls below the national average. However, Mingo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mingo has a population of 373 with a median age of 40.2 years. Compare Mingo with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Mingo
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Libertyville | 373 | $74,107 | $177,700 | Compare |
| Peterson | 373 | $76,875 | $86,700 | Compare |
| Lorimor | 375 | $43,281 | $67,900 | Compare |
| New Vienna | 377 | $90,938 | $176,800 | Compare |
| Mondamin | 378 | $71,750 | $90,000 | Compare |
| Protivin | 368 | $63,438 | $107,700 | Compare |
| Plainfield | 379 | $75,500 | $132,700 | Compare |
| Callender | 381 | $66,667 | $107,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Mingo With Other Cities
Frequently Asked Questions about Mingo
What is the population of Mingo, IA?
The population of Mingo, IA is 373 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 Mingo?
The median household income in Mingo, IA is $61,806 per year, which is 18% below the national median of $75,149.
What is the median home value in Mingo?
The median home value in Mingo, IA is $120,300, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mingo?
The median monthly rent in Mingo, IA is $691, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Mingo?
The unemployment rate in Mingo, IA is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mingo, IA a good place to live?
Mingo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 373 and a median age of 40.2, the city appeals to a broad range of residents.
How educated is Mingo, IA?
13.3% of residents in Mingo 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 Mingo?
Key cost-of-living indicators for Mingo, IA: median home value is $120,300 (51% below national), median rent is $691/month, and median household income is $61,806. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mingo?
The poverty rate in Mingo, IA is 6.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mingo, IA?
Mingo's population is 0.0% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.1% two or more races. 0.0% of residents are foreign-born.