Living in Kokomo, Indiana
Cost of living, income, home prices, rent and demographics of Kokomo · Census data 2020–2024
Kokomo has 59,122 residents with a median age of 39.4. The median household income is $55,360 (23% lower than the Indiana median), the median home value is $137,400, the median rent is $939/month.
Kokomo at a glance
- Population
- 59,122
- Median age
- 39.4State: 38.1
- Median household income
- $55,360State: $71,957
- Median home value
- $137,400State: $218,200
- Median rent
- $939/moState: $1,062
- Homeowners
- 63%
- Bachelor's degree or higher
- 18.1%
- Average commute
- 19 min
Is Kokomo a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 23% lower than the Indiana median; unemployment of 6.2%; a poverty rate of 17.1%.
The weather is best in June to September.
Cost of living in Kokomo
Housing is the biggest part of the cost of living. In Kokomo the median home value is $137,400, 59% lower than the U.S. median. Renters pay a median of $939 per month, which is 31.2% of household income. Homeowners with a mortgage pay $1,040 a month in housing costs.
Kokomo median household income
The median household income in Kokomo is $55,360 and the income per person is $32,594. 17.1% of residents live below the poverty line (Indiana: 12.3%).
Housing in Kokomo: homes for sale and rent
- Housing units
- 29,814
- Owner-occupied
- 63%
- Renter-occupied
- 37%
- Vacant
- 12%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 2.21
Kokomo demographics
- Population
- 59,122
- Median age
- 39.4
- Under 18
- 23.3%
- 65 and older
- 19.2%
- Households
- 26,241
- Foreign-born
- 2.5%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Kokomo ›
Education in Kokomo
18.1% of adults 25 and older in Kokomo have a bachelor's degree or higher (Indiana: 29.5%), and 6.4% have a graduate or professional degree.
Jobs and commute in Kokomo
- Unemployment rate
- 6.2%State: 4.3%
- Average commute
- 19 minState: 24 min
- Work from home
- 5.5%
- Drive alone
- 80.1%
- Public transit
- 0.4%
- Walk to work
- 1.4%
- Homes with broadband
- 87.8%
Kokomo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Kokomo | 59,122 | $55,360 | $137,400 | $939 |
| Center | 605 | $103,875 | $230,000 | — |
| Hemlock | 132 | $126,083 | $208,300 | — |
| Cassville | 279 | $72,269 | $163,700 | — |
| Sharpsville | 662 | $92,500 | $116,700 | $1,116 |
| Russiaville | 1,445 | $84,457 | $182,300 | $931 |
| Galveston | 1,363 | $56,927 | $130,300 | $633 |
| Greentown | 2,094 | $60,521 | $123,400 | $850 |
| Miami | 409 | $78,750 | — | $905 |
More for people moving to Kokomo
Kokomo ZIP code ›Weather and climate ›Living in Kokomo: FAQ
What is the median household income in Kokomo, IN?
The median household income in Kokomo is $55,360, 23% 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 Kokomo?
The median home value in Kokomo is $137,400, compared with $218,200 in Indiana.
How much is rent in Kokomo?
The median gross rent in Kokomo is $939 per month, about 31.2% of household income.
Is Kokomo, IN a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 19 minutes. Minuses: median household income 23% lower than the Indiana median; unemployment of 6.2%; a poverty rate of 17.1%.
What is the median age in Kokomo?
The median age in Kokomo is 39.4 years (Indiana: 38.1).
How long is the commute in Kokomo?
The average commute to work in Kokomo is 19 minutes; 5.5% of workers work from home.
What is the unemployment rate in Kokomo?
The unemployment rate in Kokomo is 6.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Kokomo?
18.1% of adults in Kokomo 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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