Truro, IA
Population 534 · Iowa
About Truro, IA
Truro is a small community located in Iowa with a population of 534 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,313 per year, which is 13% below the national median of $75,149. The median age of 33.9 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 Truro features a median home value of $166,700, which is 32% below the national median of $244,900. This positions Truro in a moderately priced market relative to the rest of the country. Median monthly rent is $836, 28% below the national average of $1,163/month. Of the 198 total housing units, 83% are owner-occupied (138 units) and 17% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Truro 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 12.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Truro have an average one-way commute time of 34.7 minutes.
Education & Demographics
19.5% of Truro 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 1.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 4.3% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Truro, IA
Compared to national averages, Truro has a median household income of $65,313 (13% below the national median of $75,149). Home values average $166,700, which is 32% below the national median. Monthly rent at $836 is 28% below the US average of $1,163. Within Iowa, Truro's income is 4% below the state average of $67,947, and home values are 26% above the state median of $132,237.
Why Live in Truro, IA?
Truro offers affordable housing with a median home value of $166,700, below the US average of $244,900, and rent that’s lower than the national average at $836/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 12.0%, better than the national average.
Potential considerations include median household income ($65,313) that falls below the national average. However, Truro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Truro has a population of 534 with a median age of 33.9 years. Compare Truro with other cities to see how it stacks up, or explore all cities in Iowa.
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Economy & Education
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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 Truro
What is the population of Truro, IA?
The population of Truro, IA is 534 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 Truro?
The median household income in Truro, IA is $65,313 per year, which is 13% below the national median of $75,149.
What is the median home value in Truro?
The median home value in Truro, IA is $166,700, which is 32% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Truro?
The median monthly rent in Truro, IA is $836, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Truro?
The unemployment rate in Truro, 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 Truro, IA a good place to live?
Truro offers a moderate cost of living, affordable housing, and a strong job market. With a population of 534 and a median age of 33.9, the city appeals to young professionals and families.
How educated is Truro, IA?
19.5% of residents in Truro 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 Truro?
Key cost-of-living indicators for Truro, IA: median home value is $166,700 (32% below national), median rent is $836/month, and median household income is $65,313. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Truro?
The poverty rate in Truro, IA is 12.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Truro, IA?
Truro's population is 1.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 4.3% Asian, and 0.9% two or more races. 1.3% of residents are foreign-born.