Living in Farmland, Indiana
Cost of living, income, home prices, rent and demographics of Farmland · Census data 2020–2024
Farmland has 1,276 residents with a median age of 32.2. The median household income is $41,206 (43% lower than the Indiana median), the median home value is $99,200, the median rent is $832/month.
Farmland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farmland at a glance
- Population
- 1,276
- Median age
- 32.2State: 38.1
- Median household income
- $41,206State: $71,957
- Median home value
- $99,200State: $218,200
- Median rent
- $832/moState: $1,062
- Homeowners
- 56%
- Bachelor's degree or higher
- 12.6%
- Average commute
- 23 min
Is Farmland a good place to live?
Pros: Home values 55% lower than the state median; an average commute of 23 minutes; unemployment of 4.2%.
Cons: Median household income 43% lower than the Indiana median; a poverty rate of 22.4%.
The weather is best in June to September.
Cost of living in Farmland
Housing is the biggest part of the cost of living. In Farmland the median home value is $99,200, 70% lower than the U.S. median. Renters pay a median of $832 per month, which is 32.6% of household income. Homeowners with a mortgage pay $908 a month in housing costs.
Farmland median household income
The median household income in Farmland is $41,206 and the income per person is $23,206. 22.4% of residents live below the poverty line (Indiana: 12.3%).
Housing in Farmland: homes for sale and rent
- Housing units
- 611
- Owner-occupied
- 56%
- Renter-occupied
- 44%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 2.25
Farmland demographics
- Population
- 1,276
- Median age
- 32.2
- Under 18
- 21.5%
- 65 and older
- 17.9%
- Households
- 568
- Foreign-born
- 2.4%
- Veterans
- 4.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmland ›
Education in Farmland
12.6% of adults 25 and older in Farmland have a bachelor's degree or higher (Indiana: 29.5%), and 4.3% have a graduate or professional degree.
Jobs and commute in Farmland
- Unemployment rate
- 4.2%State: 4.3%
- Average commute
- 23 minState: 24 min
- Work from home
- 2.2%
- Drive alone
- 84.7%
- Public transit
- 0.7%
- Walk to work
- 1.3%
- Homes with broadband
- 93%
Farmland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farmland | 1,276 | $41,206 | $99,200 | $832 |
| Parker City | 1,211 | $58,558 | $94,200 | $717 |
| Selma | 837 | $58,214 | $106,400 | $910 |
| Winchester | 5,284 | $52,439 | $97,600 | $756 |
| Fairview | 306 | $40,114 | $9,999 | — |
| Ridgeville | 569 | $38,750 | $47,600 | $736 |
| Albany | 2,907 | $58,026 | $105,200 | $683 |
| Modoc | 180 | $64,167 | $65,000 | $746 |
| Blountsville | 170 | $52,375 | $70,600 | — |
More for people moving to Farmland
Farmland ZIP code ›Weather and climate ›Living in Farmland: FAQ
What is the median household income in Farmland, IN?
The median household income in Farmland is $41,206, 43% 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 Farmland?
The median home value in Farmland is $99,200, compared with $218,200 in Indiana.
How much is rent in Farmland?
The median gross rent in Farmland is $832 per month, about 32.6% of household income.
Is Farmland, IN a good place to live?
Pluses: home values 55% lower than the state median; an average commute of 23 minutes; unemployment of 4.2%. Minuses: median household income 43% lower than the Indiana median; a poverty rate of 22.4%.
What is the median age in Farmland?
The median age in Farmland is 32.2 years (Indiana: 38.1).
How long is the commute in Farmland?
The average commute to work in Farmland is 23 minutes; 2.2% of workers work from home.
What is the unemployment rate in Farmland?
The unemployment rate in Farmland is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmland?
12.6% of adults in Farmland 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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