Charles City is a city in Iowa state in USA with a population of 7351 residents.. The poverty rate of Charles City is 20.5%, which is 46% higher than national average. The typical household in Charles City earns $37301 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 11 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 60.4% 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 Charles City, only 89% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Charles City remained 4.8%, which is 2% 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 Charles City, only 19% of adults have a bachelor's degree and 34% have some college but no degree.

Cost of living in Charles City is 83, which is 17% lower than national average. Median home value in Charles City is $93200 , which is 59% lower than national average. While median income in Charles City remained $37301, which is 45% lower than national average.