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Iola is located in Grimes county Texas with a geographic area of 1.0 square miles. The total population in Iola is 164 with 44.5% male and 55.5% female. Children under age 5 represent 0.0% of the population, under age 18 equal 9.8% of the population and over age 65 is 20.1% of the population. The median household income is $48,750, per capita income is $27,387. There are a total of 80 housing units with 73.8% owner occupied. Education includes 56.3% of residents that are high school graduates and 11.3% with a bachelor's degree or higher. The average temperature in Iola in the summer is 83 degrees, and in the winter 49 degrees.