Eldon, IA Profile: Facts & Data

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Eldon, Iowa - Basic Facts

The City of Eldon had a population of 813 as of July 1, 2023.

The primary coordinate point for Eldon is located at latitude 40.9186 and longitude -92.223 in Wapello County. The formal boundaries for the City of Eldon encompass a land area of 1.11 sq. miles and a water area of 0.01 sq. miles. Wapello County is in the Central time zone (GMT -6).

The City of Eldon has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Eldon is located within Township of Washington, a minor civil division (MCD) of Wapello County.


Jump to... (On This Page!)
  1. Eldon 2023 Demographic Data
  2. Growth Rates for Eldon (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Iowa Research Tools (Easy Tools & Current Data)
  3. Iowa Data Comparison Tool - 2023 Demographics
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Eldon, IA Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 813 (100%)
Population in Households 813 (100.0%)
Population in Families 642 (79.0%)
Population in Group Quarters1 0
Population Density 743
Diversity Index2 17
 
 

INCOME

Median Household Income $42,851
Average Household Income $54,310
% of Income for Mortgage4 7%
Per Capita Income $23,848
Wealth Index5 37
Socioeconomic Status Index6 Low (41.0)
 

HOUSING

Total HU (Housing Units) 398 (100%)
Owner Occupied HU 303 (76.1%)
Renter Occupied HU 54 (13.6%)
Vacant Housing Units 41 (10.3%)
Median Home Value $49,836
Average Home Value $81,188
Housing Affordability Index3 334
 

HOUSEHOLDS

Total Households 357
Average Household Size 2.28
Family Households 223
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 1.16% -0.30%
Households -0.34% -0.40%
Families   -0.45%
Median Household Income   3.52%
Per Capita Income   2.43%
Owner Occupied HU   -0.33%

Eldon, IA - Peer Comparisons by Rank and Percentile

The table below compares Eldon to the other 1,027 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 334 68th
Population Density # 429 58th
Median Household Income # 1008 2nd
Housing Affordability Index # 1019 99th
Per Capita Income # 1018 1st
Diversity Index # 457 56th

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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