Cost Of Living
Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Health & Safety
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Oelwein, Iowa is a small city with a population of 5,896 residents. According to the most recent Census, 94% of Oelwein residents are White, 2% Black and 0% Asian. Not a fan of sitting in traffic during your commute to work? Oelwein offers shorter work commutes, with an average one-way commute time taking only 17 minutes, far lower than the national average of 26 minutes.
Whether you’re moving to a new town to be closer to family, friends or for a new job, living in Oelwein could be a positive experience compared to other cities in Iowa if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Oelwein and in surrounding cities are easier to find when you are able to make informed decisions. Using data from crime, cost of living, commute, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Iowa and national averages.
With a livability score of 75 out of 100, Oelwein is ranked #3,430 in the United States and #177 in Iowa. Based on this score, Oelwein would be considered a very livable city! Based on the scores for each individual category, Oelwein has received high marks for crime (B) and housing (A+). There is at least one category that you should be aware of in Oelwein. The following was graded with a discouraging score: amenities (F) and employment (D).
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Oelwein, residents are privileged to experience a cost of living that stands 24.93% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Oelwein an attractive destination for individuals seeking financial prudence without compromising their quality of life.
The unemployment rate in Oelwein has consistently declined over the years and currently stands well below the national average at 0.39%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Oelwein market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.
Oelwein real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Oelwein. Median real estate prices in Oelwein come in at $87,800, which is 33.9% lower than the Iowa average. The home price to income ratio compares the median home prices to the median household income. In Oelwein, the home price to income ratio is 2.3, which is 4.2% lower than the Iowa average.
| Statistic | Oelwein | Iowa | National |
| Average one way commute | 17min | 19min | 26min |
| Workers who drive to work | 83.8% | 80.7% | 76.4% |
| Workers who carpool | 9.9% | 8.6% | 9.3% |
| Workers who take public transit | 0.1% | 1.1% | 5.1% |
| Workers who bicycle | 0.8% | 0.5% | 0.6% |
| Workers who walk | 1.7% | 3.5% | 2.8% |
| Working from home | 2.3% | 4.5% | 4.6% |
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