50542 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Wright County
Centroid: Latitude 42.734, Longitude -93.921
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 50542 has segments in 2 Counties (Humboldt, Wright).

Businesses Addresses: 29
PO Box Addresses: 172
Residential Addresses: 232

Multi-Family Addresses: 18
Single Family Addresses: 214

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Goldfield, IA 50542 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	891 (100%)
Population in Households	891 (100.0%)
Population in Families	710 (79.7%)
Population in Group Quarters¹	0
Population Density	13
Diversity Index²	26


INCOME
Median Household Income	$54,263
Average Household Income	$71,286
% of Income for Mortgage⁴	8%
Per Capita Income	$30,144
Wealth Index⁵	62

HOUSING
Total HU (Housing Units)	427 (100%)
Owner Occupied HU	322 (75.4%)
Renter Occupied HU	57 (13.3%)
Vacant Housing Units	47 (11.0%)
Median Home Value	$78,220
Average Home Value	$104,128
Housing Affordability Index³	343

HOUSEHOLDS
Total Households	380
Average Household Size	2.34
Family Households	249
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Goldfield, IA 50542 - Peer Comparisons by Rank and Percentile

The table below compares 50542 to the other 960 ZIP Codes in Iowa by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.45%	-0.41%
Households	-0.58%	-0.48%
Families		-0.57%
Median Household Income		2.96%
Per Capita Income		3.14%
Owner Occupied HU		-0.31%

Variable Description	Rank	Percentile
Total Population	# 495	49th
Population Density	# 698	28th
Median Household Income	# 828	14th
Housing Affordability Index	# 941	98th
Per Capita Income	# 810	16th
Diversity Index	# 167	83rd

50542 ZIP Code Profile, Map, Data & Demographics

ZIP Code 50542: Basic Data & USPS Preferred City Name

Goldfield, IA 50542 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Goldfield, IA 50542 - Peer Comparisons by Rank and Percentile

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