Peterson, IA
Population 373 · Iowa
About Peterson, IA
Peterson is a small community in Iowa with a population of 373 residents. The median household income is $76,875 per year, which is above the national average. The median age in Peterson is 37.6 years.
Housing in Peterson has a median home value of $86,700 and median monthly rent of $850. Of the 202 total housing units, the majority are owner-occupied, with 138 owner-occupied and 20 renter-occupied units.
The unemployment rate in Peterson is 0.0% and the poverty rate is 2.7%. 22.4% of residents hold a bachelor's degree or higher. The average commute time is 29.9 minutes.
Cost of Living in Peterson, IA
Compared to national averages, Peterson has a median household income of $76,875 (2% above the national median of $75,149). Home values average $86,700, which is 65% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Iowa, Peterson's income is 13% above the state average of $67,947, and home values are 34% below the state median of $132,237.
Why Live in Peterson, IA?
Peterson offers a strong local economy with a median household income of $76,875, well above the national average, and affordable housing with a median home value of $86,700, below the US average of $244,900, and rent that’s lower than the national average at $850/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 2.7%, better than the national average.
Peterson has a population of 373 with a median age of 37.6 years. Compare Peterson with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Peterson
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Libertyville | 373 | $74,107 | $177,700 | Compare |
| Mingo | 373 | $61,806 | $120,300 | Compare |
| Lorimor | 375 | $43,281 | $67,900 | Compare |
| New Vienna | 377 | $90,938 | $176,800 | Compare |
| Mondamin | 378 | $71,750 | $90,000 | Compare |
| Protivin | 368 | $63,438 | $107,700 | Compare |
| Plainfield | 379 | $75,500 | $132,700 | Compare |
| Callender | 381 | $66,667 | $107,100 | 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.
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Frequently Asked Questions about Peterson
What is the population of Peterson, IA?
The population of Peterson, IA is 373 according to the latest Census data.
What is the median household income in Peterson?
The median household income in Peterson, IA is $76,875 per year.
What is the median home value in Peterson?
The median home value in Peterson, IA is $86,700.
What is the average rent in Peterson?
The median monthly rent in Peterson, IA is $850.
What is the unemployment rate in Peterson?
The unemployment rate in Peterson, IA is 0.0%.