Algona is a city in Iowa state in USA with a population of 5415 residents.. The poverty rate of Algona is 12.5%, which is 11% lower than national average. The typical household in Algona earns $48492 a year, compared to the national median of $67,500. Nearly 52.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Algona, only 92% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Algona remained 5.2%, which is 11% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Algona, only 18% of adults have a bachelor's degree and 38% have some college but no degree.

Cost of living in Algona is 87, which is 13% lower than national average. Median home value in Algona is $134400 , which is 42% lower than national average. While median income in Algona remained $48492, which is 28% lower than national average.