Olds, IA

Census Place

2024 Population

US Senator

Chuck Grassley

Republican Party

US Senator

Joni Ernst

Republican Party

2024 Median Age

47.5

3.65% 1-year decrease

2024 Poverty Rate

9.72%

45.8% 1-year increase

2024 Median Household Income

$49,375

1.8% 1-year growth

2024 Median Property Value

$116,700

Economy

The economy of Olds, IA employs 52 people. In 2024, the largest industries in Olds, IA were Manufacturing (11 people), Construction (10 people), and Health Care & Social Assistance (8 people), and the highest paying industries were Manufacturing ($41,607).

Employment

Occupations

2024 Value

± 68

−5.45%

1 Year decline

± 190%

From 2023 to 2024, employment in Olds, IA declined at a rate of −5.45%, from 55 employees to 52 employees.

The most common job groups, by number of people living in Olds, IA, are Construction & Extraction Occupations (10 people), Healthcare Support Occupations (8 people), and Production Occupations (8 people). This chart illustrates the share breakdown of the primary jobs held by residents of Olds, IA.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Iowa.

This chart shows weekly unemployment insurance claims in Iowa (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2024 Value

± 68

−5.45%

1 Year decline

± 190%

From 2023 to 2024, employment in Olds, IA declined at a rate of −5.45%, from 55 employees to 52 employees.

The most common employment sectors for those who live in Olds, IA, are Manufacturing (11 people), Construction (10 people), and Health Care & Social Assistance (8 people). This chart shows the share breakdown of the primary industries for residents of Olds, IA, though some of these residents may live in Olds, IA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$61,250

Median earning men ± $54,031

$40,500

Median earning women ± $35,086

The industries with the best median earnings for men in 2024 are Manufacturing ($41,250).

The industries with the best median earnings for women in 2024 are .

Housing & Living

The median property value in Olds, IA was $116,700 in 2024, which is 0.351 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $137,500 to $116,700, a 15.1% decrease. The homeownership rate in Olds, IA is 46.5%, which is lower than the national average of 65.2%.

People in Olds, IA have an average commute time of 25.7 minutes, and they drove alone to work. Car ownership in Olds, IA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$116,700

Median Property Value 2024

±$80,597

$20

Median Property Taxes

±$31

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Olds, IA the largest share of households pay taxes in the $1,500 - $2k range.

The chart underneath the paragraph shows the property taxes in Olds, IA compared to it's parent and neighbor geographies.

Rent vs Own

46.5%

Homeownership

2024

73.5%

Homeowners with Mortgage

2024

In 2024, 46.5% of the housing units in Olds, IA were occupied by their owner. This percentage grew from the previous year's rate of 43.5%.

This chart shows the percentage of owner in Olds, IA compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$49,375

Median Household Income

± $29,241

Number of Households

± 35

In 2024, the median household income of the 43 households in Olds, IA grew to $49,375 from the previous year's value of $48,500.

The following chart displays the households in Olds, IA distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $45k - $50k range.

Wage Distribution

The closest comparable wage GINI for Olds, IA is from Iowa.

0.435

2024 Wage GINI in Iowa

0.441

2023 Wage GINI in Iowa

In 2024, the income inequality in Iowa was 0.435 according to the GINI calculation of the wage distribution. Income inequality had a 1.29% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Iowa was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Iowa in comparison to the national average.

This chart shows the number of workers in Iowa across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (95.9%)
Carpooled (2.04%)
Walked (2.04%)

In 2024, 95.9% of workers in Olds, IA drove alone to work, followed by those who carpooled to work (2.04%) and those who walked to work (2.04%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25.7 minutes

Average Travel Time

Using averages, employees in Olds, IA have a shorter commute time (25.7 minutes) than the normal US worker (26.4 minutes). Additionally, 2.04% of the workforce in Olds, IA have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Olds, IA compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Olds, IA distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Olds, IA have 2 cars.

Poverty

Poverty & Diversity

9.72% of the population for whom poverty status is determined in Olds, IA (7 out of 72 people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Males 12 - 14, followed by Females 35 - 44 and then Males 55 - 64.

The most common racial or ethnic group living below the poverty line in Olds, IA is Black, followed by White and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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