Living in Matthews, Indiana
Cost of living, income, home prices, rent and demographics of Matthews · Census data 2020–2024
Matthews has 501 residents with a median age of 45.1. The median household income is $50,048 (30% lower than the Indiana median), the median home value is $80,100, the median rent is $867/month.
Matthews is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Matthews at a glance
- Population
- 501
- Median age
- 45.1State: 38.1
- Median household income
- $50,048State: $71,957
- Median home value
- $80,100State: $218,200
- Median rent
- $867/moState: $1,062
- Homeowners
- 76.5%
- Bachelor's degree or higher
- 8.8%
- Average commute
- 27 min
Is Matthews a good place to live?
Pros: Home values 63% lower than the state median; unemployment of 4%.
Cons: Median household income 30% lower than the Indiana median; an average commute of 27 minutes; a poverty rate of 15.5%.
The weather is best in June to September.
Cost of living in Matthews
Housing is the biggest part of the cost of living. In Matthews the median home value is $80,100, 76% lower than the U.S. median. Renters pay a median of $867 per month, which is 20% of household income. Homeowners with a mortgage pay $991 a month in housing costs.
Matthews median household income
The median household income in Matthews is $50,048 and the income per person is $25,256. 15.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Matthews: homes for sale and rent
- Housing units
- 234
- Owner-occupied
- 76.5%
- Renter-occupied
- 23.5%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.27
Matthews demographics
- Population
- 501
- Median age
- 45.1
- Under 18
- 18.4%
- 65 and older
- 18.6%
- Households
- 221
- Foreign-born
- 0%
- Veterans
- 6.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Matthews ›
Education in Matthews
8.8% of adults 25 and older in Matthews have a bachelor's degree or higher (Indiana: 29.5%), and 0.8% have a graduate or professional degree.
Jobs and commute in Matthews
- Unemployment rate
- 4%State: 4.3%
- Average commute
- 27 minState: 24 min
- Work from home
- 0.5%
- Drive alone
- 88.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81%
Matthews vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Matthews | 501 | $50,048 | $80,100 | $867 |
| Shamrock Lakes | 217 | $93,125 | $166,400 | — |
| Fowlerton | 185 | $52,679 | $91,900 | $814 |
| Gaston | 710 | $52,292 | $90,000 | $789 |
| Upland | 3,918 | $83,839 | $203,200 | $982 |
| Hartford City | 5,794 | $41,752 | $83,400 | $730 |
| Fairmount | 2,662 | $51,739 | $103,200 | $1,026 |
| Summitville | 1,104 | $52,946 | $101,600 | $760 |
| Eaton | 1,630 | $54,531 | $89,800 | $690 |
More for people moving to Matthews
Matthews ZIP code ›Weather and climate ›Living in Matthews: FAQ
What is the median household income in Matthews, IN?
The median household income in Matthews is $50,048, 30% 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 Matthews?
The median home value in Matthews is $80,100, compared with $218,200 in Indiana.
How much is rent in Matthews?
The median gross rent in Matthews is $867 per month, about 20% of household income.
Is Matthews, IN a good place to live?
Pluses: home values 63% lower than the state median; unemployment of 4%. Minuses: median household income 30% lower than the Indiana median; an average commute of 27 minutes; a poverty rate of 15.5%.
What is the median age in Matthews?
The median age in Matthews is 45.1 years (Indiana: 38.1).
How long is the commute in Matthews?
The average commute to work in Matthews is 27 minutes; 0.5% of workers work from home.
What is the unemployment rate in Matthews?
The unemployment rate in Matthews is 4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Matthews?
8.8% of adults in Matthews 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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