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Carpenter, Iowa Demographics & Population 2026

During the 2020–2024 ACS period, Carpenter, Iowa had a total population of 81, the 887th largest city in Iowa, with a median household income of $74,107, which is 1% lower than the state average. The poverty rate is 8.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Carpenter Quick Facts

Population 81
Median Household Income $74,107
Median Home Value $63,900
Poverty Rate 8.6%
Unemployment Rate 0.0%
Median Age 51.9 years
Homeownership Rate 84.9%
Affordability Ratio 0.9x
Bachelor's Degree or Higher 14.1%
High School Graduation Rate 83.1%
Diversity Index 31/100
Population 81 887th of 1,017
Median Income $74,107 above average
Poverty Rate 8.6% 31% lower than national
Median Home Value $63,900 bottom 20%

How Carpenter Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population7081+15.7%
Median household income$72,344$74,107+2.4%
Median home value$62,500$63,900+2.2%

How Carpenter Compares

Economy & Housing

Household Income Distribution

Under $25K 22.6%
$25K-$50K 13.2%
$50K-$100K 49.1%
$100K+ 15.1%
Detailed income brackets
Under $10K
3.8%
$10K-$15K
9.4%
$15K-$20K
0.0%
$20K-$25K
9.4%
$25K-$30K
3.8%
$30K-$35K
3.8%
$35K-$40K
1.9%
$40K-$45K
0.0%
$45K-$50K
3.8%
$50K-$60K
0.0%
$60K-$75K
18.9%
$75K-$100K
30.2%
$100K-$125K
0.0%
$125K-$150K
1.9%
$150K-$200K
3.8%
$200K+
9.4%

Employment

0.0% Unemployment Rate State: 3.6%|National: 5.2%
76.4% Labor Force Participation

Housing Overview

Owner 84.9%
Renter 15.1%
Affordability Index Very Affordable
0.9x home value to income ratio
Median gross rent $767/mo 12.4% of median household income annually

People & Demographics

Diversity Index

31out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 31 | National average: 61

Education

Carpenter Rankings in Iowa

#887 Population of 1,017
#320 Median Income of 948
#638 Education of 1,016
#853 Home Value of 947

Other Cities in Mitchell County

CityPopulationMedian IncomePovertyHome Value
Osage 3,561 $68,730 6.9% $160,700
St. Ansgar 1,206 $76,458 5.4% $152,500
Riceville 823 $44,615 10.9% $112,100
Stacyville 545 $61,932 12.1% $112,900
Mitchell 117 $72,500 7.7% $116,100
McIntire 89 N/A 23.6% $55,000
Orchard 69 $59,167 7.2% $66,700
Toeterville 56 N/A 71.4% N/A
Little Cedar 40 N/A 0.0% N/A
Otranto 34 N/A 26.5% N/A

Cities Similar to Carpenter

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Chillicothe83$75,750$85,0008.1%6.0%
Hansell83$71,667$75,00014.6%2.4%
Sharpsburg83$71,250$95,0001.4%4.8%
Yarmouth85N/AN/A0.0%0.0%
Kingston77$73,333N/A0.0%0.0%

A note before these figures: with a population of 81, Carpenter's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Carpenter is a small community located in Iowa, within Mitchell County. The total population is 81. It ranks as the 887th most populous out of 1,017 Census-designated places in Iowa.

Age Demographics

The median age in Carpenter is 51.9 years. This is 34% higher than the state median of 38.6 years. Only 11.1% of residents are under 18, indicating fewer families with children. 12.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Carpenter is $74,107. This is 1% lower than the state median of $75,059. It is also 8% lower than the national median of $80,734. The poverty rate stands at 8.6%. This is 22% lower than the state poverty rate of 11.1%. The survey records no unemployed residents in Carpenter, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $63,900. Housing costs are 69% lower than the state median of $208,000. With a home-value-to-income ratio of just 0.9x, Carpenter is one of the most affordable housing markets in the area. 84.9% of occupied housing units are owner-occupied. This homeownership rate is 18% higher than the state average of 71.7%.

Race & Ethnicity

The largest racial or ethnic group in Carpenter is White (non-Hispanic), making up 81.5% of the population. Hispanic or Latino residents account for 16.1%. The Hispanic or Latino population is significantly higher than the state average (16.1% vs 7.3%). The Asian population (1.2%) is well below the state average of 2.5%.

Education

14.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 55% lower than the state rate of 31.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 83.1%.

Data Sources & Methodology

All demographic data for Carpenter, Iowa is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,017 Census-designated places in Iowa. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Carpenter, Iowa?

Carpenter, Iowa has a population of 81 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Carpenter, IA?

The median household income in Carpenter is $74,107, which is 8% lower than the national median of $80,734.

What is the poverty rate in Carpenter, IA?

The poverty rate in Carpenter is 8.6%. This means approximately 7 residents live below the federal poverty line.

What is the racial makeup of Carpenter, Iowa?

Carpenter's population is 81.5% White, 0.0% Black, 16.1% Hispanic/Latino, and 1.2% Asian.

What is the median home value in Carpenter, IA?

The median home value in Carpenter is $63,900. The home-value-to-income ratio is 0.9x.

How educated is Carpenter, Iowa?

14.1% of adults (25+) in Carpenter hold a bachelor's degree or higher, and 0.0% hold a graduate or professional degree.