Corwith, IA Profile: Facts & Data

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Corwith, Iowa - Basic Facts

The City of Corwith had a population of 282 as of July 1, 2020. Corwith ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Corwith is located at latitude 42.9927 and longitude -93.9575 in Hancock County. The formal boundaries for the City of Corwith encompass a land area of 1.48 sq. miles and a water area of 0 sq. miles. Hancock County is in the Central time zone (GMT -6). The elevation is 1,178 feet.

The City of Corwith (GNIS ID: 2393641) 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 Corwith is located within Township of Magor, a minor civil division (MCD) of Hancock County.


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Corwith, IA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 282 (100%)
Population in Households 282 (100.0%)
Population in Families 227 (80.5%)
Population in Group Quarters1 0
Population Density 191
Diversity Index2 16
 
 

INCOME

Median Household Income $61,782
Average Household Income $91,264
% of Income for Mortgage4 6%
Per Capita Income $38,164
Wealth Index5 119
 

HOUSING

Total HU (Housing Units) 157 (100%)
Owner Occupied HU 104 (66.2%)
Renter Occupied HU 27 (17.2%)
Vacant Housing Units 27 (17.2%)
Median Home Value $90,000
Average Home Value $116,346
Housing Affordability Index3 350
 

HOUSEHOLDS

Total Households 130
Average Household Size 2.17
Family Households 84
Average Family Size 3
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.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.89% -0.87%
Households -0.79% -0.78%
Families 0.73% -0.97%
Median Household Income   2.15%
Per Capita Income   2.05%
Owner Occupied HU   -0.98%

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Corwith, IA - Peer Comparisons by Rank and Percentile

The table below compares Corwith to the other 1,008 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2020 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 # 610 40th
Population Density # 885 12th
Median Household Income # 394 61st
Housing Affordability Index # 984 98th
Per Capita Income # 131 87th
Diversity Index # 291 72nd

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

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