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Independence, Iowa Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

During the 2020–2024 ACS period, Independence, Iowa had a total population of 6,164, the 64th largest city in Iowa, with a median household income of $73,806, which is 2% lower than the state average. The poverty rate is 7.6%.

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

Key Takeaways

Independence Quick Facts

Population 6,164
Median Household Income $73,806
Median Home Value $165,300
Poverty Rate 7.6%
Unemployment Rate 2.3%
Median Age 40.9 years
Homeownership Rate 72.2%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 24.7%
High School Graduation Rate 95.6%
Diversity Index 12/100
Population 6,164 64th of 1,017
Median Income $73,806 above average
Poverty Rate 7.6% 39% lower than national
Median Home Value $165,300 top 30%

How Independence 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
Population6,1496,164+0.2%
Median household income$72,250$73,806+2.2%
Median home value$156,900$165,300+5.4%

How Independence Compares

Economy & Housing

Household Income Distribution

Under $25K 17.3%
$25K-$50K 17.4%
$50K-$100K 33.8%
$100K+ 31.6%
Detailed income brackets
Under $10K
3.5%
$10K-$15K
4.1%
$15K-$20K
3.9%
$20K-$25K
5.9%
$25K-$30K
1.5%
$30K-$35K
4.1%
$35K-$40K
2.6%
$40K-$45K
5.2%
$45K-$50K
3.9%
$50K-$60K
5.8%
$60K-$75K
10.3%
$75K-$100K
17.6%
$100K-$125K
14.2%
$125K-$150K
9.0%
$150K-$200K
5.0%
$200K+
3.3%

Employment

2.3% Unemployment Rate State: 3.6%|National: 5.2%
68.7% Labor Force Participation

Housing Overview

Owner 72.2%
Renter 27.8%
Affordability Index Very Affordable
2.2x home value to income ratio
Median gross rent $820/mo 13.3% of median household income annually

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

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

State average: 31 | National average: 61

Education

Independence Rankings in Iowa

#64 Population of 1,017
#324 Median Income of 948
#248 Education of 1,016
#268 Home Value of 947

Other Cities in Buchanan County

CityPopulationMedian IncomePovertyHome Value
Fairbank 1,275 $89,712 4.1% $186,900
Winthrop 1,040 $69,792 3.8% $158,200
Hazleton 720 $51,964 14.9% $85,900
Quasqueton 703 $75,000 12.7% $145,800
Lamont 514 $61,250 13.0% $98,600
Rowley 353 $60,313 9.5% $145,800
Brandon 307 $61,250 13.0% $113,800
Aurora 214 $62,656 11.7% $128,300
Stanley 69 $70,500 7.2% N/A

Cities Similar to Independence

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Orange City6,426$82,122$264,00044.2%11.2%
Maquoketa6,075$60,240$132,50019.7%14.2%
Nevada6,983$75,094$182,40029.6%9.9%
Osceola5,523$68,284$146,30014.0%6.4%
Spirit Lake5,518$65,720$215,10026.8%6.3%

Population Overview

Independence is a small city located in Iowa, within Buchanan County. The total population is 6,164. It ranks as the 64th most populous out of 1,017 Census-designated places in Iowa.

Age Demographics

The median age in Independence is 40.9 years. This is 6% higher than the state median of 38.6 years.

Economy, Income & Housing

The median household income in Independence is $73,806. This is 2% lower than the state median of $75,059. It is also 9% lower than the national median of $80,734. The poverty rate stands at 7.6%. This is 31% lower than the state poverty rate of 11.1%. The unemployment rate is 2.3%. This is 36% lower than the state rate of 3.6%. The median home value is $165,300. Housing costs are 21% lower than the state median of $208,000. With a home-value-to-income ratio of just 2.2x, Independence is one of the most affordable housing markets in the area. 72.2% of occupied housing units are owner-occupied.

Race & Ethnicity

Independence has a predominantly White (non-Hispanic) population, comprising 94.0% of all residents. Hispanic or Latino residents account for 1.9%. The Black or African American population (1.3%) is well below the state average of 3.8%. The Hispanic or Latino population (1.9%) is well below the state average of 7.3%. The Asian population (0.4%) is well below the state average of 2.5%.

Education

24.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 21% 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 95.6%.

Data Sources & Methodology

All demographic data for Independence, 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.

Free data download: Get all Iowa city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Independence, Iowa?

Independence, Iowa has a population of 6,164 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Independence, IA?

The median household income in Independence is $73,806, which is 9% lower than the national median of $80,734.

What is the poverty rate in Independence, IA?

The poverty rate in Independence is 7.6%. This means approximately 459 residents live below the federal poverty line.

What is the racial makeup of Independence, Iowa?

Independence's population is 94.0% White, 1.3% Black, 1.9% Hispanic/Latino, and 0.4% Asian.

What is the median home value in Independence, IA?

The median home value in Independence is $165,300. The home-value-to-income ratio is 2.2x.

How educated is Independence, Iowa?

24.7% of adults (25+) in Independence hold a bachelor's degree or higher, and 8.1% hold a graduate or professional degree.