Twin Lakes, IA
Population 535 · Iowa
About Twin Lakes, IA
Twin Lakes is a small community located in Iowa with a population of 535 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,699 per year, which is 61% above the national median of $75,149. The median age of 61.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Twin Lakes features a median home value of $543,400, which is 122% above the national median of $244,900. This places Twin Lakes in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 519 total housing units, 90% are owner-occupied (215 units) and 10% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Twin Lakes shows an unemployment rate of 9.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Twin Lakes have an average one-way commute time of 27.9 minutes.
Education & Demographics
52.5% of Twin Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. 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 1.3% of the population being foreign-born.
How Twin Lakes Ranks in Iowa
Cost of Living in Twin Lakes, IA
Compared to national averages, Twin Lakes has a median household income of $120,699 (61% above the national median of $75,149). Home values average $543,400, which is 122% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Twin Lakes's income is 78% above the state average of $67,947, and home values are 311% above the state median of $132,237.
Why Live in Twin Lakes, IA?
Twin Lakes offers a strong local economy with a median household income of $120,699, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 52.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.6%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $543,400. However, Twin Lakes’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Twin Lakes has a population of 535 with a median age of 61.3 years. Compare Twin Lakes with other cities to see how it stacks up, or explore all cities in Iowa.
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Demographics
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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 Twin Lakes
What is the population of Twin Lakes, IA?
The population of Twin Lakes, IA is 535 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 Twin Lakes?
The median household income in Twin Lakes, IA is $120,699 per year, which is 61% above the national median of $75,149.
What is the median home value in Twin Lakes?
The median home value in Twin Lakes, IA is $543,400, which is 122% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Twin Lakes?
The median monthly rent in Twin Lakes, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Twin Lakes?
The unemployment rate in Twin Lakes, IA is 9.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Twin Lakes, IA a good place to live?
Twin Lakes offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 535 and a median age of 61.3, the city appeals to established professionals and retirees.
How educated is Twin Lakes, IA?
52.5% of residents in Twin Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Twin Lakes?
Key cost-of-living indicators for Twin Lakes, IA: median home value is $543,400 (122% above national), median rent is $0/month, and median household income is $120,699. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Twin Lakes?
The poverty rate in Twin Lakes, IA is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Twin Lakes, IA?
Twin Lakes'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. 1.3% of residents are foreign-born.