Living in Redkey, Indiana
Cost of living, income, home prices, rent and demographics of Redkey · Census data 2020–2024
Redkey has 1,332 residents with a median age of 28.4. The median household income is $42,986 (40% lower than the Indiana median), the median home value is $85,400, the median rent is $905/month.
Redkey is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Redkey at a glance
- Population
- 1,332
- Median age
- 28.4State: 38.1
- Median household income
- $42,986State: $71,957
- Median home value
- $85,400State: $218,200
- Median rent
- $905/moState: $1,062
- Homeowners
- 74.5%
- Bachelor's degree or higher
- 9.7%
- Average commute
- 26 min
Is Redkey a good place to live?
Pros: Home values 61% lower than the state median.
Cons: Median household income 40% lower than the Indiana median; an average commute of 26 minutes; unemployment of 5.5%; a poverty rate of 34.6%.
The weather is best in May–June and August–September.
Cost of living in Redkey
Housing is the biggest part of the cost of living. In Redkey the median home value is $85,400, 74% lower than the U.S. median. Renters pay a median of $905 per month, which is 26.5% of household income. Homeowners with a mortgage pay $986 a month in housing costs.
Redkey median household income
The median household income in Redkey is $42,986 and the income per person is $17,795. 34.6% of residents live below the poverty line (Indiana: 12.3%).
Housing in Redkey: homes for sale and rent
- Housing units
- 575
- Owner-occupied
- 74.5%
- Renter-occupied
- 25.5%
- Vacant
- 21.6%Includes seasonal homes
- Median year built
- 1952
- Average household size
- 2.95
Redkey demographics
- Population
- 1,332
- Median age
- 28.4
- Under 18
- 35.1%
- 65 and older
- 14.6%
- Households
- 451
- Foreign-born
- 1.4%
- Veterans
- 4.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Redkey ›
Education in Redkey
9.7% of adults 25 and older in Redkey have a bachelor's degree or higher (Indiana: 29.5%), and 2.2% have a graduate or professional degree.
Jobs and commute in Redkey
- Unemployment rate
- 5.5%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 6.1%
- Drive alone
- 66.7%
- Public transit
- 0%
- Walk to work
- 3.2%
- Homes with broadband
- 91.1%
Redkey vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Redkey | 1,332 | $42,986 | $85,400 | $905 |
| Dunkirk | 1,861 | $46,339 | $81,100 | $700 |
| Fairview | 306 | $40,114 | $9,999 | — |
| Albany | 2,907 | $58,026 | $105,200 | $683 |
| Ridgeville | 569 | $38,750 | $47,600 | $736 |
| Pennville | 619 | $50,388 | $84,100 | $936 |
| Eaton | 1,630 | $54,531 | $89,800 | $690 |
| Portland | 6,416 | $51,513 | $96,700 | $763 |
| Farmland | 1,276 | $41,206 | $99,200 | $832 |
More for people moving to Redkey
Redkey ZIP code ›Weather and climate ›Living in Redkey: FAQ
What is the median household income in Redkey, IN?
The median household income in Redkey is $42,986, 40% 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 Redkey?
The median home value in Redkey is $85,400, compared with $218,200 in Indiana.
How much is rent in Redkey?
The median gross rent in Redkey is $905 per month, about 26.5% of household income.
Is Redkey, IN a good place to live?
Pluses: home values 61% lower than the state median. Minuses: median household income 40% lower than the Indiana median; an average commute of 26 minutes; unemployment of 5.5%; a poverty rate of 34.6%.
What is the median age in Redkey?
The median age in Redkey is 28.4 years (Indiana: 38.1).
How long is the commute in Redkey?
The average commute to work in Redkey is 26 minutes; 6.1% of workers work from home.
What is the unemployment rate in Redkey?
The unemployment rate in Redkey is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Redkey?
9.7% of adults in Redkey 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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