Living in Shoals, Indiana
Cost of living, income, home prices, rent and demographics of Shoals · Census data 2020–2024
Shoals has 679 residents with a median age of 43.4. The median household income is $38,333 (47% lower than the Indiana median), the median home value is $151,500, the median rent is $383/month.
Shoals is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Shoals at a glance
- Population
- 679
- Median age
- 43.4State: 38.1
- Median household income
- $38,333State: $71,957
- Median home value
- $151,500State: $218,200
- Median rent
- $383/moState: $1,062
- Homeowners
- 61.1%
- Bachelor's degree or higher
- 9.2%
- Average commute
- 21 min
Is Shoals a good place to live?
Pros: Home values 31% lower than the state median; an average commute of 21 minutes; unemployment of 0.7%.
Cons: Median household income 47% lower than the Indiana median; a poverty rate of 20.5%.
The weather is best in May and August to October.
Cost of living in Shoals
Housing is the biggest part of the cost of living. In Shoals the median home value is $151,500, 54% lower than the U.S. median. Renters pay a median of $383 per month, which is 32.2% of household income. Homeowners with a mortgage pay $1,143 a month in housing costs.
Shoals median household income
The median household income in Shoals is $38,333 and the income per person is $23,690. 20.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Shoals: homes for sale and rent
- Housing units
- 311
- Owner-occupied
- 61.1%
- Renter-occupied
- 38.9%
- Vacant
- 13.2%Includes seasonal homes
- Median year built
- 1962
- Average household size
- 2.33
Shoals demographics
- Population
- 679
- Median age
- 43.4
- Under 18
- 18.4%
- 65 and older
- 23.9%
- Households
- 270
- Foreign-born
- 0.6%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Shoals ›
Education in Shoals
9.2% of adults 25 and older in Shoals have a bachelor's degree or higher (Indiana: 29.5%), and 4.8% have a graduate or professional degree.
Jobs and commute in Shoals
- Unemployment rate
- 0.7%State: 4.3%
- Average commute
- 21 minState: 24 min
- Work from home
- 2.8%
- Drive alone
- 81.1%
- Public transit
- 0%
- Walk to work
- 4.9%
- Homes with broadband
- 78.5%
Shoals vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Shoals | 679 | $38,333 | $151,500 | $383 |
| Loogootee | 2,853 | $50,000 | $148,500 | $812 |
| Huron | 237 | $88,333 | — | — |
| Cannelburg | 178 | $69,583 | $222,200 | — |
| West Baden Springs | 543 | $42,857 | $163,800 | $817 |
| French Lick | 1,828 | $54,519 | $85,100 | $828 |
| Haysville | 267 | $103,750 | $171,800 | — |
| Montgomery | 1,111 | $83,500 | $227,800 | $860 |
| Dubois | 439 | $80,988 | $288,600 | — |
More for people moving to Shoals
Shoals ZIP code ›Weather and climate ›Living in Shoals: FAQ
What is the median household income in Shoals, IN?
The median household income in Shoals is $38,333, 47% 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 Shoals?
The median home value in Shoals is $151,500, compared with $218,200 in Indiana.
How much is rent in Shoals?
The median gross rent in Shoals is $383 per month, about 32.2% of household income.
Is Shoals, IN a good place to live?
Pluses: home values 31% lower than the state median; an average commute of 21 minutes; unemployment of 0.7%. Minuses: median household income 47% lower than the Indiana median; a poverty rate of 20.5%.
What is the median age in Shoals?
The median age in Shoals is 43.4 years (Indiana: 38.1).
How long is the commute in Shoals?
The average commute to work in Shoals is 21 minutes; 2.8% of workers work from home.
What is the unemployment rate in Shoals?
The unemployment rate in Shoals is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Shoals?
9.2% of adults in Shoals 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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