Iona, MN
Population 207 · Minnesota
About Iona, MN
Iona is a small community located in Minnesota with a population of 207 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,167 per year, which is 41% below the national median of $75,149. The median age of 41.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Iona features a median home value of $54,300, which is 78% below the national median of $244,900. This makes Iona one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $750, 36% below the national average of $1,163/month. Of the 89 total housing units, 86% are owner-occupied (72 units) and 14% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Iona shows an unemployment rate of 10.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.2%, above the national average of 12.4%. Workers in Iona have an average one-way commute time of 31.6 minutes.
Education & Demographics
6.2% of Iona 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 Iona Ranks in Minnesota
Cost of Living in Iona, MN
Compared to national averages, Iona has a median household income of $44,167 (41% below the national median of $75,149). Home values average $54,300, which is 78% below the national median. Monthly rent at $750 is 36% below the US average of $1,163. Within Minnesota, Iona's income is 40% below the state average of $74,221, and home values are 73% below the state median of $204,472.
Why Live in Iona, MN?
Iona offers affordable housing with a median home value of $54,300, below the US average of $244,900, and rent that’s lower than the national average at $750/month.
Potential considerations include median household income ($44,167) that falls below the national average. However, Iona’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Iona has a population of 207 with a median age of 41.9 years. Compare Iona with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Iona
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Kingston | 206 | $100,278 | $218,300 | Compare |
| South Haven | 208 | $102,500 | $192,300 | Compare |
| Echo | 205 | $65,625 | $88,300 | Compare |
| Nerstrand | 210 | $83,125 | $194,000 | Compare |
| Searles | 211 | $79,375 | $169,200 | Compare |
| Tenstrike | 203 | $50,833 | $236,500 | Compare |
| Northrop | 212 | $63,750 | $118,800 | Compare |
| Flensburg | 213 | $107,500 | $188,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Iona With Other Cities
Frequently Asked Questions about Iona
What is the population of Iona, MN?
The population of Iona, MN is 207 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Iona?
The median household income in Iona, MN is $44,167 per year, which is 41% below the national median of $75,149.
What is the median home value in Iona?
The median home value in Iona, MN is $54,300, which is 78% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Iona?
The median monthly rent in Iona, MN is $750, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Iona?
The unemployment rate in Iona, MN is 10.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Iona, MN a good place to live?
Iona offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 207 and a median age of 41.9, the city appeals to a broad range of residents.
How educated is Iona, MN?
6.2% of residents in Iona 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 Iona?
Key cost-of-living indicators for Iona, MN: median home value is $54,300 (78% below national), median rent is $750/month, and median household income is $44,167. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Iona?
The poverty rate in Iona, MN is 16.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Iona, MN?
Iona'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.