Living in Cannelton, Indiana
Cost of living, income, home prices, rent and demographics of Cannelton · Census data 2020–2024
Cannelton has 1,404 residents with a median age of 34.1. The median household income is $29,219 (59% lower than the Indiana median), the median home value is $85,700, the median rent is $726/month.
Cannelton is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Cannelton at a glance
- Population
- 1,404
- Median age
- 34.1State: 38.1
- Median household income
- $29,219State: $71,957
- Median home value
- $85,700State: $218,200
- Median rent
- $726/moState: $1,062
- Homeowners
- 46.4%
- Bachelor's degree or higher
- 7.6%
- Average commute
- 19 min
Is Cannelton a good place to live?
Pros: Home values 61% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 59% lower than the Indiana median; unemployment of 12%; a poverty rate of 39.8%.
The weather is best in May and August to October.
Cost of living in Cannelton
Housing is the biggest part of the cost of living. In Cannelton the median home value is $85,700, 74% lower than the U.S. median. Renters pay a median of $726 per month, which is 38.2% of household income. Homeowners with a mortgage pay $993 a month in housing costs.
Cannelton median household income
The median household income in Cannelton is $29,219 and the income per person is $19,836. 39.8% of residents live below the poverty line (Indiana: 12.3%).
Housing in Cannelton: homes for sale and rent
- Housing units
- 713
- Owner-occupied
- 46.4%
- Renter-occupied
- 53.6%
- Vacant
- 16.8%Includes seasonal homes
- Median year built
- 1961
- Average household size
- 2.31
Cannelton demographics
- Population
- 1,404
- Median age
- 34.1
- Under 18
- 27.6%
- 65 and older
- 13.7%
- Households
- 593
- Foreign-born
- 0.8%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Cannelton ›
Education in Cannelton
7.6% of adults 25 and older in Cannelton have a bachelor's degree or higher (Indiana: 29.5%), and 0.9% have a graduate or professional degree.
Jobs and commute in Cannelton
- Unemployment rate
- 12%State: 4.3%
- Average commute
- 19 minState: 24 min
- Work from home
- 2.8%
- Drive alone
- 81.1%
- Public transit
- 0%
- Walk to work
- 4.7%
- Homes with broadband
- 85.2%
Cannelton vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cannelton | 1,404 | $29,219 | $85,700 | $726 |
| Hawesville | 1,188 | $50,000 | $153,100 | $680 |
| Tell City | 7,505 | $52,949 | $139,000 | $657 |
| Troy | 608 | $52,639 | $96,800 | $939 |
| Cloverport | 1,133 | $36,991 | $84,800 | $345 |
| Lewisport | 2,057 | $55,873 | $138,200 | $824 |
| Newtonville | 151 | $108,472 | — | — |
| Knottsville | 245 | $96,513 | — | — |
| Grandview | 757 | $50,987 | $140,600 | $861 |
More for people moving to Cannelton
Cannelton ZIP code ›Weather and climate ›Living in Cannelton: FAQ
What is the median household income in Cannelton, IN?
The median household income in Cannelton is $29,219, 59% 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 Cannelton?
The median home value in Cannelton is $85,700, compared with $218,200 in Indiana.
How much is rent in Cannelton?
The median gross rent in Cannelton is $726 per month, about 38.2% of household income.
Is Cannelton, IN a good place to live?
Pluses: home values 61% lower than the state median; an average commute of 19 minutes. Minuses: median household income 59% lower than the Indiana median; unemployment of 12%; a poverty rate of 39.8%.
What is the median age in Cannelton?
The median age in Cannelton is 34.1 years (Indiana: 38.1).
How long is the commute in Cannelton?
The average commute to work in Cannelton is 19 minutes; 2.8% of workers work from home.
What is the unemployment rate in Cannelton?
The unemployment rate in Cannelton is 12% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cannelton?
7.6% of adults in Cannelton 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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