Living in Carthage, Indiana
Cost of living, income, home prices, rent and demographics of Carthage · Census data 2020–2024
Carthage has 675 residents with a median age of 39.2. The median household income is $51,731 (28% lower than the Indiana median), the median home value is $89,800, the median rent is $848/month.
Carthage is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Carthage at a glance
- Population
- 675
- Median age
- 39.2State: 38.1
- Median household income
- $51,731State: $71,957
- Median home value
- $89,800State: $218,200
- Median rent
- $848/moState: $1,062
- Homeowners
- 67.3%
- Bachelor's degree or higher
- 5.4%
- Average commute
- 37 min
Is Carthage a good place to live?
Pros: Home values 59% lower than the state median.
Cons: Median household income 28% lower than the Indiana median; an average commute of 37 minutes; unemployment of 7.6%; a poverty rate of 20.1%.
The weather is best in June to September.
Cost of living in Carthage
Housing is the biggest part of the cost of living. In Carthage the median home value is $89,800, 73% lower than the U.S. median. Renters pay a median of $848 per month, which is 27.1% of household income. Homeowners with a mortgage pay $1,053 a month in housing costs.
Carthage median household income
The median household income in Carthage is $51,731 and the income per person is $24,451. 20.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in Carthage: homes for sale and rent
- Housing units
- 317
- Owner-occupied
- 67.3%
- Renter-occupied
- 32.7%
- Vacant
- 14.2%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.48
Carthage demographics
- Population
- 675
- Median age
- 39.2
- Under 18
- 22.7%
- 65 and older
- 16.3%
- Households
- 272
- Foreign-born
- 0%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Carthage ›
Education in Carthage
5.4% of adults 25 and older in Carthage have a bachelor's degree or higher (Indiana: 29.5%), and 2.5% have a graduate or professional degree.
Jobs and commute in Carthage
- Unemployment rate
- 7.6%State: 4.3%
- Average commute
- 37 minState: 24 min
- Work from home
- 8.6%
- Drive alone
- 76.8%
- Public transit
- 0%
- Walk to work
- 6.1%
- Homes with broadband
- 82.7%
Carthage vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Carthage | 675 | $51,731 | $89,800 | $848 |
| Charlottesville | 398 | $91,912 | $212,000 | — |
| Knightstown | 2,241 | $49,792 | $130,000 | $930 |
| Arlington | 678 | $57,841 | $131,300 | — |
| Gwynneville | 198 | $109,000 | $139,000 | — |
| Mays | 103 | $43,889 | — | — |
| Dunreith | 204 | $57,250 | $104,200 | $1,250 |
| Morristown | 1,134 | $53,250 | $162,000 | $902 |
| Wilkinson | 385 | $81,250 | $133,700 | $917 |
More for people moving to Carthage
Carthage ZIP code ›Weather and climate ›Living in Carthage: FAQ
What is the median household income in Carthage, IN?
The median household income in Carthage is $51,731, 28% 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 Carthage?
The median home value in Carthage is $89,800, compared with $218,200 in Indiana.
How much is rent in Carthage?
The median gross rent in Carthage is $848 per month, about 27.1% of household income.
Is Carthage, IN a good place to live?
Pluses: home values 59% lower than the state median. Minuses: median household income 28% lower than the Indiana median; an average commute of 37 minutes; unemployment of 7.6%; a poverty rate of 20.1%.
What is the median age in Carthage?
The median age in Carthage is 39.2 years (Indiana: 38.1).
How long is the commute in Carthage?
The average commute to work in Carthage is 37 minutes; 8.6% of workers work from home.
What is the unemployment rate in Carthage?
The unemployment rate in Carthage is 7.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Carthage?
5.4% of adults in Carthage 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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