Shannon City, IA
Population 113 · Iowa
About Shannon City, IA
Shannon City is a small community located in Iowa with a population of 113 residents according to the latest US Census Bureau American Community Survey data. The median household income is $90,139 per year, which is 20% above the national median of $75,149. The median age of 30.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Shannon City features a median home value of $45,000, which is 82% below the national median of $244,900. This makes Shannon City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 34 total housing units, 81% are owner-occupied (25 units) and 19% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shannon City 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 0.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shannon City have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
19.7% of Shannon City 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Shannon City Ranks in Iowa
Cost of Living in Shannon City, IA
Compared to national averages, Shannon City has a median household income of $90,139 (20% above the national median of $75,149). Home values average $45,000, which is 82% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Shannon City's income is 33% above the state average of $67,947, and home values are 66% below the state median of $132,237.
Why Live in Shannon City, IA?
Shannon City offers a strong local economy with a median household income of $90,139, well above the national average, and affordable housing with a median home value of $45,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.9%, better than the national average, and short commute times averaging just 17.7 minutes.
Shannon City has a population of 113 with a median age of 30.4 years. Compare Shannon City 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 Shannon City
What is the population of Shannon City, IA?
The population of Shannon City, IA is 113 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 Shannon City?
The median household income in Shannon City, IA is $90,139 per year, which is 20% above the national median of $75,149.
What is the median home value in Shannon City?
The median home value in Shannon City, IA is $45,000, which is 82% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shannon City?
The median monthly rent in Shannon City, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Shannon City?
The unemployment rate in Shannon City, 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 Shannon City, IA a good place to live?
Shannon City offers above-average incomes, affordable housing, and a strong job market. With a population of 113 and a median age of 30.4, the city appeals to young professionals and families.
How educated is Shannon City, IA?
19.7% of residents in Shannon City 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 Shannon City?
Key cost-of-living indicators for Shannon City, IA: median home value is $45,000 (82% below national), median rent is $0/month, and median household income is $90,139. The home-value-to-income ratio is 0.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Shannon City?
The poverty rate in Shannon City, IA is 0.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shannon City, IA?
Shannon City's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.