Living in Roanoke, Indiana
Cost of living, income, home prices, rent and demographics of Roanoke · Census data 2020–2024
Roanoke has 1,940 residents with a median age of 37.6. The median household income is $71,488 (about the same as the Indiana median), the median home value is $185,200, the median rent is $817/month.
Roanoke at a glance
- Population
- 1,940
- Median age
- 37.6State: 38.1
- Median household income
- $71,488State: $71,957
- Median home value
- $185,200State: $218,200
- Median rent
- $817/moState: $1,062
- Homeowners
- 75.1%
- Bachelor's degree or higher
- 30.2%
- Average commute
- 29 min
Is Roanoke a good place to live?
Pros: Home values 15% lower than the state median; unemployment of 3.9%; a poverty rate of 10.9%.
Cons: Median household income about the same as the Indiana median; an average commute of 29 minutes.
The weather is best in May–June and August–September.
Cost of living in Roanoke
Housing is the biggest part of the cost of living. In Roanoke the median home value is $185,200, 44% lower than the U.S. median. Renters pay a median of $817 per month, which is 18.9% of household income. Homeowners with a mortgage pay $1,208 a month in housing costs.
Roanoke median household income
The median household income in Roanoke is $71,488 and the income per person is $39,118. 10.9% of residents live below the poverty line (Indiana: 12.3%).
Housing in Roanoke: homes for sale and rent
- Housing units
- 918
- Owner-occupied
- 75.1%
- Renter-occupied
- 24.9%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.20
Roanoke demographics
- Population
- 1,940
- Median age
- 37.6
- Under 18
- 22.8%
- 65 and older
- 17.1%
- Households
- 877
- Foreign-born
- 1.1%
- Veterans
- 10.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Roanoke ›
Education in Roanoke
30.2% of adults 25 and older in Roanoke have a bachelor's degree or higher (Indiana: 29.5%), and 9.8% have a graduate or professional degree.
Jobs and commute in Roanoke
- Unemployment rate
- 3.9%State: 4.3%
- Average commute
- 29 minState: 24 min
- Work from home
- 9.1%
- Drive alone
- 80%
- Public transit
- 0.6%
- Walk to work
- 3.9%
- Homes with broadband
- 90.2%
Roanoke vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Roanoke | 1,940 | $71,488 | $185,200 | $817 |
| Zanesville | 488 | $67,212 | $162,500 | $693 |
| Laud | 101 | $118,295 | — | — |
| Huntington | 17,030 | $56,520 | $119,500 | $879 |
| Markle | 1,203 | $56,000 | $138,300 | $765 |
| Arcola | 201 | $71,528 | $115,300 | — |
| Coesse | 154 | $93,750 | $166,100 | — |
| Uniondale | 309 | $84,375 | $110,500 | $1,042 |
| Ossian | 3,384 | $71,563 | $201,500 | $906 |
More for people moving to Roanoke
Roanoke ZIP code ›Weather and climate ›Living in Roanoke: FAQ
What is the median household income in Roanoke, IN?
The median household income in Roanoke is $71,488, about the same as 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 Roanoke?
The median home value in Roanoke is $185,200, compared with $218,200 in Indiana.
How much is rent in Roanoke?
The median gross rent in Roanoke is $817 per month, about 18.9% of household income.
Is Roanoke, IN a good place to live?
Pluses: home values 15% lower than the state median; unemployment of 3.9%; a poverty rate of 10.9%. Minuses: median household income about the same as the Indiana median; an average commute of 29 minutes.
What is the median age in Roanoke?
The median age in Roanoke is 37.6 years (Indiana: 38.1).
How long is the commute in Roanoke?
The average commute to work in Roanoke is 29 minutes; 9.1% of workers work from home.
What is the unemployment rate in Roanoke?
The unemployment rate in Roanoke is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Roanoke?
30.2% of adults in Roanoke 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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