Living in Anderson, Indiana
Cost of living, income, home prices, rent and demographics of Anderson · Census data 2020–2024
Anderson has 55,367 residents with a median age of 38.9. The median household income is $46,909 (35% lower than the Indiana median), the median home value is $119,000, the median rent is $925/month.
Anderson at a glance
- Population
- 55,367
- Median age
- 38.9State: 38.1
- Median household income
- $46,909State: $71,957
- Median home value
- $119,000State: $218,200
- Median rent
- $925/moState: $1,062
- Homeowners
- 55.5%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 25 min
Is Anderson a good place to live?
Pros: Home values 45% lower than the state median.
Cons: Median household income 35% lower than the Indiana median; an average commute of 25 minutes; unemployment of 7.3%; a poverty rate of 21%.
The weather is best in June to September.
Cost of living in Anderson
Housing is the biggest part of the cost of living. In Anderson the median home value is $119,000, 64% lower than the U.S. median. Renters pay a median of $925 per month, which is 30.8% of household income. Homeowners with a mortgage pay $1,050 a month in housing costs.
Anderson median household income
The median household income in Anderson is $46,909 and the income per person is $28,833. 21% of residents live below the poverty line (Indiana: 12.3%).
Housing in Anderson: homes for sale and rent
- Housing units
- 27,483
- Owner-occupied
- 55.5%
- Renter-occupied
- 44.5%
- Vacant
- 11.9%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.20
Anderson demographics
- Population
- 55,367
- Median age
- 38.9
- Under 18
- 20.9%
- 65 and older
- 19.3%
- Households
- 24,218
- Foreign-born
- 2.8%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Anderson ›
Education in Anderson
15.7% of adults 25 and older in Anderson have a bachelor's degree or higher (Indiana: 29.5%), and 6% have a graduate or professional degree.
Jobs and commute in Anderson
- Unemployment rate
- 7.3%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 9.6%
- Drive alone
- 73.8%
- Public transit
- 0.4%
- Walk to work
- 1.8%
- Homes with broadband
- 87.8%
Anderson vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Anderson | 55,367 | $46,909 | $119,000 | $925 |
| Country Club Heights | 189 | $110,000 | $246,900 | — |
| Edgewood | 2,121 | $87,770 | $200,100 | $1,050 |
| Chesterfield | 2,489 | $58,824 | $113,100 | $964 |
| Pendleton | 5,321 | $86,806 | $248,200 | $1,209 |
| Daleville | 1,584 | $50,795 | $117,300 | $779 |
| Middletown | 2,235 | $56,008 | $96,200 | $867 |
| Markleville | 739 | $89,167 | $184,200 | $1,080 |
| Lapel | 2,668 | $79,778 | $220,400 | $1,318 |
More for people moving to Anderson
Anderson ZIP code ›Weather and climate ›Living in Anderson: FAQ
What is the median household income in Anderson, IN?
The median household income in Anderson is $46,909, 35% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Anderson?
The median home value in Anderson is $119,000, compared with $218,200 in Indiana.
How much is rent in Anderson?
The median gross rent in Anderson is $925 per month, about 30.8% of household income.
Is Anderson, IN a good place to live?
Pluses: home values 45% lower than the state median. Minuses: median household income 35% lower than the Indiana median; an average commute of 25 minutes; unemployment of 7.3%; a poverty rate of 21%.
What is the median age in Anderson?
The median age in Anderson is 38.9 years (Indiana: 38.1).
How long is the commute in Anderson?
The average commute to work in Anderson is 25 minutes; 9.6% of workers work from home.
What is the unemployment rate in Anderson?
The unemployment rate in Anderson is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Anderson?
15.7% of adults in Anderson have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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