Living in Peru, Indiana
Cost of living, income, home prices, rent and demographics of Peru · Census data 2020–2024
Peru has 10,901 residents with a median age of 41.2. The median household income is $46,159 (36% lower than the Indiana median), the median home value is $92,500, the median rent is $826/month.
Peru at a glance
- Population
- 10,901
- Median age
- 41.2State: 38.1
- Median household income
- $46,159State: $71,957
- Median home value
- $92,500State: $218,200
- Median rent
- $826/moState: $1,062
- Homeowners
- 71.3%
- Bachelor's degree or higher
- 16.4%
- Average commute
- 22 min
Is Peru a good place to live?
Pros: Home values 58% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 36% lower than the Indiana median; unemployment of 9.1%; a poverty rate of 23.6%.
The weather is best in May–June and August–September.
Cost of living in Peru
Housing is the biggest part of the cost of living. In Peru the median home value is $92,500, 72% lower than the U.S. median. Renters pay a median of $826 per month, which is 30.6% of household income. Homeowners with a mortgage pay $853 a month in housing costs.
Peru median household income
The median household income in Peru is $46,159 and the income per person is $24,614. 23.6% of residents live below the poverty line (Indiana: 12.3%).
Housing in Peru: homes for sale and rent
- Housing units
- 5,266
- Owner-occupied
- 71.3%
- Renter-occupied
- 28.7%
- Vacant
- 15.7%Includes seasonal homes
- Median year built
- 1942
- Average household size
- 2.43
Peru demographics
- Population
- 10,901
- Median age
- 41.2
- Under 18
- 24.5%
- 65 and older
- 18.5%
- Households
- 4,440
- Foreign-born
- 0.6%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Peru ›
Education in Peru
16.4% of adults 25 and older in Peru have a bachelor's degree or higher (Indiana: 29.5%), and 6.7% have a graduate or professional degree.
Jobs and commute in Peru
- Unemployment rate
- 9.1%State: 4.3%
- Average commute
- 22 minState: 24 min
- Work from home
- 4.9%
- Drive alone
- 83.4%
- Public transit
- 0.2%
- Walk to work
- 1.4%
- Homes with broadband
- 89.5%
Peru vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Peru | 10,901 | $46,159 | $92,500 | $826 |
| Mexico | 906 | $87,635 | $108,400 | — |
| Bunker Hill | 940 | $52,973 | $91,600 | $686 |
| Denver | 553 | $61,591 | $96,800 | $675 |
| Onward | 202 | $78,125 | — | — |
| Grissom AFB | 2,977 | $55,104 | $79,000 | $878 |
| Miami | 409 | $78,750 | — | $905 |
| Twelve Mile | 300 | $50,083 | — | — |
| Walton | 827 | $45,660 | $98,600 | $633 |
More for people moving to Peru
Peru ZIP code ›Weather and climate ›Living in Peru: FAQ
What is the median household income in Peru, IN?
The median household income in Peru is $46,159, 36% 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 Peru?
The median home value in Peru is $92,500, compared with $218,200 in Indiana.
How much is rent in Peru?
The median gross rent in Peru is $826 per month, about 30.6% of household income.
Is Peru, IN a good place to live?
Pluses: home values 58% lower than the state median; an average commute of 22 minutes. Minuses: median household income 36% lower than the Indiana median; unemployment of 9.1%; a poverty rate of 23.6%.
What is the median age in Peru?
The median age in Peru is 41.2 years (Indiana: 38.1).
How long is the commute in Peru?
The average commute to work in Peru is 22 minutes; 4.9% of workers work from home.
What is the unemployment rate in Peru?
The unemployment rate in Peru is 9.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Peru?
16.4% of adults in Peru 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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