New Albin, IA
Population 424 · Iowa
About New Albin, IA
New Albin is a small community located in Iowa with a population of 424 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,936 per year, which is 22% below the national median of $75,149. The median age of 37.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in New Albin features a median home value of $130,600, which is 47% below the national median of $244,900. This makes New Albin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $342, 71% below the national average of $1,163/month. Of the 215 total housing units, 66% are owner-occupied (129 units) and 34% are renter-occupied (67 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Albin 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 3.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in New Albin have an average one-way commute time of 20.9 minutes.
Education & Demographics
12.9% of New Albin 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, 1.4% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 1.2% of the population being foreign-born.
How New Albin Ranks in Iowa
Cost of Living in New Albin, IA
Compared to national averages, New Albin has a median household income of $58,936 (22% below the national median of $75,149). Home values average $130,600, which is 47% below the national median. Monthly rent at $342 is 71% below the US average of $1,163. Within Iowa, New Albin's income is 13% below the state average of $67,947, and home values are 1% below the state median of $132,237.
Why Live in New Albin, IA?
New Albin offers affordable housing with a median home value of $130,600, below the US average of $244,900, and rent that’s lower than the national average at $342/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.3%, better than the national average, and short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($58,936) that falls below the national average. However, New Albin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Albin has a population of 424 with a median age of 37.7 years. Compare New Albin 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 New Albin
What is the population of New Albin, IA?
The population of New Albin, IA is 424 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 New Albin?
The median household income in New Albin, IA is $58,936 per year, which is 22% below the national median of $75,149.
What is the median home value in New Albin?
The median home value in New Albin, IA is $130,600, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Albin?
The median monthly rent in New Albin, IA is $342, which is 71% below the national average of $1,163/month.
What is the unemployment rate in New Albin?
The unemployment rate in New Albin, 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 New Albin, IA a good place to live?
New Albin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 424 and a median age of 37.7, the city appeals to a broad range of residents.
How educated is New Albin, IA?
12.9% of residents in New Albin 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 New Albin?
Key cost-of-living indicators for New Albin, IA: median home value is $130,600 (47% below national), median rent is $342/month, and median household income is $58,936. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in New Albin?
The poverty rate in New Albin, IA is 3.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is New Albin, IA?
New Albin's population is 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.