Living in Bourbon, Indiana
Cost of living, income, home prices, rent and demographics of Bourbon · Census data 2020–2024
Bourbon has 1,760 residents with a median age of 34.6. The median household income is $73,510 (about the same as the Indiana median), the median home value is $164,400, the median rent is $891/month.
Bourbon at a glance
- Population
- 1,760
- Median age
- 34.6State: 38.1
- Median household income
- $73,510State: $71,957
- Median home value
- $164,400State: $218,200
- Median rent
- $891/moState: $1,062
- Homeowners
- 67.6%
- Bachelor's degree or higher
- 24.7%
- Average commute
- 21 min
Is Bourbon a good place to live?
Pros: Median household income about the same as the Indiana median; home values 25% lower than the state median; an average commute of 21 minutes; unemployment of 4.3%; a poverty rate of 10.9%.
The weather is best in June to September.
Cost of living in Bourbon
Housing is the biggest part of the cost of living. In Bourbon the median home value is $164,400, 51% lower than the U.S. median. Renters pay a median of $891 per month, which is 25.9% of household income. Homeowners with a mortgage pay $1,255 a month in housing costs.
Bourbon median household income
The median household income in Bourbon is $73,510 and the income per person is $34,429. 10.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Bourbon: homes for sale and rent
- Housing units
- 781
- Owner-occupied
- 67.6%
- Renter-occupied
- 32.4%
- Vacant
- 10%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.50
Bourbon demographics
- Population
- 1,760
- Median age
- 34.6
- Under 18
- 30.4%
- 65 and older
- 12.4%
- Households
- 703
- Foreign-born
- 0.9%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Bourbon ›
Education in Bourbon
24.7% of adults 25 and older in Bourbon have a bachelor's degree or higher (Indiana: 29.5%), and 2.9% have a graduate or professional degree.
Jobs and commute in Bourbon
- Unemployment rate
- 4.3%State: 4.3%
- Average commute
- 21 minState: 24 min
- Work from home
- 7.2%
- Drive alone
- 69%
- Public transit
- 0%
- Walk to work
- 6%
- Homes with broadband
- 86.2%
Bourbon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bourbon | 1,760 | $73,510 | $164,400 | $891 |
| Etna Green | 441 | $63,281 | $98,300 | $660 |
| Tippecanoe | 378 | $52,935 | $102,200 | — |
| Hoffman Lake | 382 | $84,276 | $201,200 | — |
| Argos | 1,802 | $61,667 | $129,300 | $946 |
| Mentone | 768 | $60,000 | $112,000 | $797 |
| Lake of the Woods | 663 | $59,464 | $254,200 | $1,059 |
| Bremen | 4,642 | $68,429 | $211,700 | $933 |
| Plymouth | 10,664 | $58,623 | $131,800 | $957 |
More for people moving to Bourbon
Bourbon ZIP code ›Weather and climate ›Living in Bourbon: FAQ
What is the median household income in Bourbon, IN?
The median household income in Bourbon is $73,510, about the same as 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 Bourbon?
The median home value in Bourbon is $164,400, compared with $218,200 in Indiana.
How much is rent in Bourbon?
The median gross rent in Bourbon is $891 per month, about 25.9% of household income.
Is Bourbon, IN a good place to live?
Pluses: median household income about the same as the Indiana median; home values 25% lower than the state median; an average commute of 21 minutes; unemployment of 4.3%; a poverty rate of 10.9%.
What is the median age in Bourbon?
The median age in Bourbon is 34.6 years (Indiana: 38.1).
How long is the commute in Bourbon?
The average commute to work in Bourbon is 21 minutes; 7.2% of workers work from home.
What is the unemployment rate in Bourbon?
The unemployment rate in Bourbon is 4.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bourbon?
24.7% of adults in Bourbon 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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