Living in Michigantown, Indiana
Cost of living, income, home prices, rent and demographics of Michigantown · Census data 2020–2024
Michigantown has 514 residents with a median age of 33.5. The median household income is $74,375 (3% higher than the Indiana median), the median home value is $147,200, the median rent is $844/month.
Michigantown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Michigantown at a glance
- Population
- 514
- Median age
- 33.5State: 38.1
- Median household income
- $74,375State: $71,957
- Median home value
- $147,200State: $218,200
- Median rent
- $844/moState: $1,062
- Homeowners
- 63.4%
- Bachelor's degree or higher
- 16.6%
- Average commute
- 25 min
Is Michigantown a good place to live?
Pros: Median household income 3% higher than the Indiana median; home values 33% lower than the state median; unemployment of 1.9%.
Cons: An average commute of 25 minutes; a poverty rate of 16.9%.
The weather is best in June to September.
Cost of living in Michigantown
Housing is the biggest part of the cost of living. In Michigantown the median home value is $147,200, 56% lower than the U.S. median. Renters pay a median of $844 per month, which is 17% of household income. Homeowners with a mortgage pay $1,122 a month in housing costs.
Michigantown median household income
The median household income in Michigantown is $74,375 and the income per person is $30,348. 16.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Michigantown: homes for sale and rent
- Housing units
- 244
- Owner-occupied
- 63.4%
- Renter-occupied
- 36.6%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 2.29
Michigantown demographics
- Population
- 514
- Median age
- 33.5
- Under 18
- 24.3%
- 65 and older
- 18.7%
- Households
- 224
- Foreign-born
- 2.1%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Michigantown ›
Education in Michigantown
16.6% of adults 25 and older in Michigantown have a bachelor's degree or higher (Indiana: 29.5%), and 4.4% have a graduate or professional degree.
Jobs and commute in Michigantown
- Unemployment rate
- 1.9%State: 4.3%
- Average commute
- 25 minState: 24 min
- Work from home
- 4.3%
- Drive alone
- 78.8%
- Public transit
- 0%
- Walk to work
- 3.1%
- Homes with broadband
- 84.4%
Michigantown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Michigantown | 514 | $74,375 | $147,200 | $844 |
| Hillisburg | 194 | $67,734 | $164,800 | — |
| Frankfort | 15,917 | $57,412 | $138,600 | $898 |
| Russiaville | 1,445 | $84,457 | $182,300 | $931 |
| Kempton | 225 | $52,500 | $118,800 | $808 |
| Antioch | 129 | $115,938 | $217,200 | — |
| Kirklin | 920 | $56,458 | $102,500 | $955 |
| Burlington | 562 | $75,833 | $146,300 | $921 |
| Cutler | 108 | $18,322 | — | — |
More for people moving to Michigantown
Michigantown ZIP code ›Weather and climate ›Living in Michigantown: FAQ
What is the median household income in Michigantown, IN?
The median household income in Michigantown is $74,375, 3% higher 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 Michigantown?
The median home value in Michigantown is $147,200, compared with $218,200 in Indiana.
How much is rent in Michigantown?
The median gross rent in Michigantown is $844 per month, about 17% of household income.
Is Michigantown, IN a good place to live?
Pluses: median household income 3% higher than the Indiana median; home values 33% lower than the state median; unemployment of 1.9%. Minuses: an average commute of 25 minutes; a poverty rate of 16.9%.
What is the median age in Michigantown?
The median age in Michigantown is 33.5 years (Indiana: 38.1).
How long is the commute in Michigantown?
The average commute to work in Michigantown is 25 minutes; 4.3% of workers work from home.
What is the unemployment rate in Michigantown?
The unemployment rate in Michigantown is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Michigantown?
16.6% of adults in Michigantown 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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