Nichols, IA
Population 393 · Iowa
About Nichols, IA
Nichols is a small community in Iowa with a population of 393 residents. The median household income is $87,500 per year, which is above the national average. The median age in Nichols is 33.7 years.
Housing in Nichols has a median home value of $119,800 and median monthly rent of $638. Of the 201 total housing units, the majority are owner-occupied, with 125 owner-occupied and 27 renter-occupied units.
The unemployment rate in Nichols is 0.5% and the poverty rate is 3.6%. 11.6% of residents hold a bachelor's degree or higher. The average commute time is 28.1 minutes.
How Nichols Ranks in Iowa
Cost of Living in Nichols, IA
Compared to national averages, Nichols has a median household income of $87,500 (16% above the national median of $75,149). Home values average $119,800, which is 51% below the national median. Monthly rent at $638 is 45% below the US average of $1,163. Within Iowa, Nichols's income is 29% above the state average of $67,947, and home values are 9% below the state median of $132,237.
Why Live in Nichols, IA?
Nichols offers a strong local economy with a median household income of $87,500, well above the national average, and affordable housing with a median home value of $119,800, below the US average of $244,900, and rent that’s lower than the national average at $638/month. Additionally, the city features a strong job market with an unemployment rate of just 0.5%, and a low poverty rate of 3.6%, better than the national average.
Nichols has a population of 393 with a median age of 33.7 years. Compare Nichols 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 Nichols
What is the population of Nichols, IA?
The population of Nichols, IA is 393 according to the latest Census data.
What is the median household income in Nichols?
The median household income in Nichols, IA is $87,500 per year.
What is the median home value in Nichols?
The median home value in Nichols, IA is $119,800.
What is the average rent in Nichols?
The median monthly rent in Nichols, IA is $638.
What is the unemployment rate in Nichols?
The unemployment rate in Nichols, IA is 0.5%.