Parnell, IA
Population 229 · Iowa
About Parnell, IA
Parnell is a small community in Iowa with a population of 229 residents. The median household income is $56,667 per year, which is near the national average. The median age in Parnell is 42.1 years.
Housing in Parnell has a median home value of $118,800 and median monthly rent of $950. Of the 113 total housing units, the majority are owner-occupied, with 87 owner-occupied and 23 renter-occupied units.
The unemployment rate in Parnell is 1.4% and the poverty rate is 17.0%. 8.2% of residents hold a bachelor's degree or higher. The average commute time is 24.1 minutes.
Cost of Living in Parnell, IA
Compared to national averages, Parnell has a median household income of $56,667 (25% below the national median of $75,149). Home values average $118,800, which is 51% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within Iowa, Parnell's income is 17% below the state average of $67,947, and home values are 10% below the state median of $132,237.
Why Live in Parnell, IA?
Parnell offers affordable housing with a median home value of $118,800, below the US average of $244,900, and rent that’s lower than the national average at $950/month, and a strong job market with an unemployment rate of just 1.4%. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($56,667) that falls below the national average. However, Parnell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parnell has a population of 229 with a median age of 42.1 years. Compare Parnell with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Parnell
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Crystal Lake | 229 | $82,500 | $86,000 | Compare |
| Alexander | 230 | $78,750 | $54,400 | Compare |
| Luxemburg | 230 | $77,292 | $168,300 | Compare |
| Montpelier | 228 | $69,186 | $253,500 | Compare |
| Williamson | 228 | $53,438 | $47,500 | Compare |
| Fredonia | 232 | $51,250 | $86,400 | Compare |
| Hancock | 232 | $79,375 | $98,300 | Compare |
| Grafton | 233 | $52,188 | $94,600 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Parnell
What is the population of Parnell, IA?
The population of Parnell, IA is 229 according to the latest Census data.
What is the median household income in Parnell?
The median household income in Parnell, IA is $56,667 per year.
What is the median home value in Parnell?
The median home value in Parnell, IA is $118,800.
What is the average rent in Parnell?
The median monthly rent in Parnell, IA is $950.
What is the unemployment rate in Parnell?
The unemployment rate in Parnell, IA is 1.4%.