Newell, IA
Population 924 · Iowa
About Newell, IA
Newell is a small community located in Iowa with a population of 924 residents according to the latest US Census Bureau American Community Survey data. The median household income is $66,406 per year, which is 12% below the national median of $75,149. The median age of 37 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Newell features a median home value of $106,300, which is 57% below the national median of $244,900. This makes Newell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $717, 38% below the national average of $1,163/month. Of the 368 total housing units, 74% are owner-occupied (257 units) and 26% are renter-occupied (92 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Newell shows an unemployment rate of 4.3%, which is near the national rate of 3.7%. The poverty rate stands at 4.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Newell have an average one-way commute time of 21.3 minutes.
Education & Demographics
14.9% of Newell 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 1.4% White, 0.5% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Newell, IA
Compared to national averages, Newell has a median household income of $66,406 (12% below the national median of $75,149). Home values average $106,300, which is 57% below the national median. Monthly rent at $717 is 38% below the US average of $1,163. Within Iowa, Newell's income is 2% below the state average of $67,947, and home values are 20% below the state median of $132,237.
Why Live in Newell, IA?
Newell offers affordable housing with a median home value of $106,300, below the US average of $244,900, and rent that’s lower than the national average at $717/month, and a low poverty rate of 4.5%, better than the national average. Additionally, the city features short commute times averaging just 21.3 minutes.
Potential considerations include median household income ($66,406) that falls below the national average. However, Newell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Newell has a population of 924 with a median age of 37 years. Compare Newell with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Newell
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wheatland | 921 | $36,071 | $119,200 | Compare |
| Sidney | 935 | $80,200 | $121,200 | Compare |
| Arnolds Park | 911 | $84,659 | $407,600 | Compare |
| Fremont | 937 | $73,239 | $89,500 | Compare |
| Schleswig | 940 | $71,271 | $130,400 | Compare |
| Tabor | 908 | $68,277 | $189,800 | Compare |
| North English | 907 | $52,386 | $105,800 | Compare |
| Lawton | 906 | $90,278 | $246,800 | 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 Newell With Other Cities
Frequently Asked Questions about Newell
What is the population of Newell, IA?
The population of Newell, IA is 924 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 Newell?
The median household income in Newell, IA is $66,406 per year, which is 12% below the national median of $75,149.
What is the median home value in Newell?
The median home value in Newell, IA is $106,300, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Newell?
The median monthly rent in Newell, IA is $717, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Newell?
The unemployment rate in Newell, IA is 4.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Newell, IA a good place to live?
Newell offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 924 and a median age of 37, the city appeals to a broad range of residents.
How educated is Newell, IA?
14.9% of residents in Newell 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 Newell?
Key cost-of-living indicators for Newell, IA: median home value is $106,300 (57% below national), median rent is $717/month, and median household income is $66,406. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Newell?
The poverty rate in Newell, IA is 4.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Newell, IA?
Newell's population is 1.4% White, 0.5% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 2.8% two or more races. 2.2% of residents are foreign-born.