Living in Scotland, Indiana
Cost of living, income, home prices, rent and demographics of Scotland · Census data 2020–2024
Scotland has 53 residents with a median age of 73.3. The median household income is $130,000 (81% higher than the Indiana median), the median home value is $250,000.
Scotland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Scotland at a glance
- Population
- 53
- Median age
- 73.3State: 38.1
- Median household income
- $130,000State: $71,957
- Median home value
- $250,000State: $218,200
- Homeowners
- 100%
- Bachelor's degree or higher
- 17%
Is Scotland a good place to live?
Pros: Median household income 81% higher than the Indiana median.
Cons: Home values 15% higher than the state median; unemployment of 56.3%.
The weather is best in May and August to October.
Cost of living in Scotland
Housing is the biggest part of the cost of living. In Scotland the median home value is $250,000, 25% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Scotland median household income
The median household income in Scotland is $130,000 and the income per person is $57,743. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Scotland: homes for sale and rent
- Housing units
- 24
- Owner-occupied
- 100%
- Renter-occupied
- 0%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.21
Scotland demographics
- Population
- 53
- Median age
- 73.3
- Under 18
- 0%
- 65 and older
- 69.8%
- Households
- 24
- Foreign-born
- 0%
- Veterans
- 39.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Scotland ›
Education in Scotland
17% of adults 25 and older in Scotland have a bachelor's degree or higher (Indiana: 29.5%), and 0% have a graduate or professional degree.
Jobs and commute in Scotland
- Unemployment rate
- 56.3%State: 4.3%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Scotland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Scotland | 53 | $130,000 | $250,000 | — |
| Crane | 260 | $46,719 | $103,600 | $673 |
| Newberry | 121 | $50,625 | $81,700 | — |
| Odon | 1,419 | $49,342 | $141,000 | $498 |
| Bloomfield | 2,713 | $54,948 | $109,800 | $732 |
| Elnora | 531 | $41,786 | $101,300 | $625 |
| Lyons | 920 | $53,365 | $82,100 | $859 |
| Switz City | 306 | $42,500 | $57,900 | $681 |
| Solsberry | 184 | $230,724 | $447,400 | — |
More for people moving to Scotland
Scotland ZIP code ›Weather and climate ›Living in Scotland: FAQ
What is the median household income in Scotland, IN?
The median household income in Scotland is $130,000, 81% 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 Scotland?
The median home value in Scotland is $250,000, compared with $218,200 in Indiana.
Is Scotland, IN a good place to live?
Pluses: median household income 81% higher than the Indiana median. Minuses: home values 15% higher than the state median; unemployment of 56.3%.
What is the median age in Scotland?
The median age in Scotland is 73.3 years (Indiana: 38.1).
What is the unemployment rate in Scotland?
The unemployment rate in Scotland is 56.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Scotland?
17% of adults in Scotland 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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