Living in Romney, Indiana
Cost of living, income, home prices, rent and demographics of Romney · Census data 2020–2024
Romney has 391 residents with a median age of 37.4. The median household income is $63,578 (12% lower than the Indiana median), the median home value is $161,000.
Romney is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Romney at a glance
- Population
- 391
- Median age
- 37.4State: 38.1
- Median household income
- $63,578State: $71,957
- Median home value
- $161,000State: $218,200
- Homeowners
- 91.9%
- Bachelor's degree or higher
- 23.6%
- Average commute
- 34 min
Is Romney a good place to live?
Pros: Home values 26% lower than the state median.
Cons: Median household income 12% lower than the Indiana median; an average commute of 34 minutes; unemployment of 11.2%.
The weather is best in June to September.
Cost of living in Romney
Housing is the biggest part of the cost of living. In Romney the median home value is $161,000, 52% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $979 a month in housing costs.
Romney median household income
The median household income in Romney is $63,578 and the income per person is $62,080. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Romney: homes for sale and rent
- Housing units
- 156
- Owner-occupied
- 91.9%
- Renter-occupied
- 8.1%
- Vacant
- 21.2%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 3.18
Romney demographics
- Population
- 391
- Median age
- 37.4
- Under 18
- 39.4%
- 65 and older
- 1.8%
- Households
- 123
- Foreign-born
- 7.2%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Romney ›
Education in Romney
23.6% of adults 25 and older in Romney have a bachelor's degree or higher (Indiana: 29.5%), and 4.2% have a graduate or professional degree.
Jobs and commute in Romney
- Unemployment rate
- 11.2%State: 4.3%
- Average commute
- 34 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Romney vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Romney | 391 | $63,578 | $161,000 | — |
| Linden | 590 | $67,981 | $141,800 | $735 |
| New Richmond | 433 | $80,329 | $89,200 | $875 |
| Shadeland | 1,921 | $82,708 | $270,000 | $1,121 |
| Stockwell | 286 | $60,988 | $105,900 | — |
| Clarks Hill | 700 | $46,806 | $93,600 | $649 |
| West Point | 189 | $125,409 | $145,900 | — |
| Lafayette | 71,159 | $53,716 | $172,800 | $1,079 |
| Wingate | 296 | $64,375 | $76,000 | — |
More for people moving to Romney
Romney ZIP code ›Weather and climate ›Living in Romney: FAQ
What is the median household income in Romney, IN?
The median household income in Romney is $63,578, 12% 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 Romney?
The median home value in Romney is $161,000, compared with $218,200 in Indiana.
Is Romney, IN a good place to live?
Pluses: home values 26% lower than the state median. Minuses: median household income 12% lower than the Indiana median; an average commute of 34 minutes; unemployment of 11.2%.
What is the median age in Romney?
The median age in Romney is 37.4 years (Indiana: 38.1).
How long is the commute in Romney?
The average commute to work in Romney is 34 minutes; 0% of workers work from home.
What is the unemployment rate in Romney?
The unemployment rate in Romney is 11.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Romney?
23.6% of adults in Romney 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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