Nevada, IA
Population 6,952 · Iowa
About Nevada, IA
Nevada is a small town located in Iowa with a population of 6,952 residents according to the latest US Census Bureau American Community Survey data. The median household income is $75,221 per year, which is 0% above the national median of $75,149. The median age of 39.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Nevada features a median home value of $177,800, which is 27% below the national median of $244,900. This positions Nevada in a moderately priced market relative to the rest of the country. Median monthly rent is $884, 24% below the national average of $1,163/month. Of the 3,253 total housing units, 71% are owner-occupied (2,169 units) and 29% are renter-occupied (883 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nevada shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nevada have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
30.6% of Nevada 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 7.5% White, 1.0% Hispanic or Latino, 0.3% Black or African American, and 2.9% Asian residents, with 2.9% of the population being foreign-born.
Cost of Living in Nevada, IA
Compared to national averages, Nevada has a median household income of $75,221 (0% above the national median of $75,149). Home values average $177,800, which is 27% below the national median. Monthly rent at $884 is 24% below the US average of $1,163. Within Iowa, Nevada's income is 11% above the state average of $67,947, and home values are 34% above the state median of $132,237.
Why Live in Nevada, IA?
Nevada offers a strong local economy with a median household income of $75,221, well above the national average, and affordable housing with a median home value of $177,800, below the US average of $244,900, and rent that’s lower than the national average at $884/month. Additionally, the city features a strong job market with an unemployment rate of just 1.2%, and a low poverty rate of 10.3%, better than the national average, and short commute times averaging just 19.5 minutes.
Nevada has a population of 6,952 with a median age of 39.9 years. Compare Nevada with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Nevada
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Atlantic | 6,773 | $57,486 | $134,900 | Compare |
| Eldridge | 6,743 | $101,089 | $329,400 | Compare |
| Hiawatha | 7,178 | $67,628 | $210,200 | Compare |
| Washington | 7,314 | $56,536 | $144,500 | Compare |
| Charles City | 7,321 | $56,734 | $118,900 | Compare |
| Creston | 7,466 | $50,752 | $112,600 | Compare |
| Knoxville | 7,493 | $70,136 | $147,600 | Compare |
| Orange City | 6,312 | $81,667 | $245,300 | 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 Nevada With Other Cities
Frequently Asked Questions about Nevada
What is the population of Nevada, IA?
The population of Nevada, IA is 6,952 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Nevada?
The median household income in Nevada, IA is $75,221 per year, which is 0% above the national median of $75,149.
What is the median home value in Nevada?
The median home value in Nevada, IA is $177,800, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nevada?
The median monthly rent in Nevada, IA is $884, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Nevada?
The unemployment rate in Nevada, IA is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nevada, IA a good place to live?
Nevada offers above-average incomes, affordable housing, and a strong job market. With a population of 6,952 and a median age of 39.9, the city appeals to a broad range of residents.
How educated is Nevada, IA?
30.6% of residents in Nevada 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 Nevada?
Key cost-of-living indicators for Nevada, IA: median home value is $177,800 (27% below national), median rent is $884/month, and median household income is $75,221. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Nevada?
The poverty rate in Nevada, IA is 10.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nevada, IA?
Nevada's population is 7.5% White, 1.0% Hispanic or Latino, 0.3% Black or African American, 2.9% Asian, and 0.3% two or more races. 2.9% of residents are foreign-born.