Living in Spiceland, Indiana
Cost of living, income, home prices, rent and demographics of Spiceland · Census data 2020–2024
Spiceland has 840 residents with a median age of 32.4. The median household income is $65,875 (8% lower than the Indiana median), the median home value is $118,300, the median rent is $789/month.
Spiceland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Spiceland at a glance
- Population
- 840
- Median age
- 32.4State: 38.1
- Median household income
- $65,875State: $71,957
- Median home value
- $118,300State: $218,200
- Median rent
- $789/moState: $1,062
- Homeowners
- 68.9%
- Bachelor's degree or higher
- 17%
- Average commute
- 32 min
Is Spiceland a good place to live?
Pros: Home values 46% lower than the state median.
Cons: Median household income 8% lower than the Indiana median; an average commute of 32 minutes; unemployment of 4.7%; a poverty rate of 22.2%.
The weather is best in June to September.
Cost of living in Spiceland
Housing is the biggest part of the cost of living. In Spiceland the median home value is $118,300, 64% lower than the U.S. median. Renters pay a median of $789 per month, which is 37.7% of household income. Homeowners with a mortgage pay $1,106 a month in housing costs.
Spiceland median household income
The median household income in Spiceland is $65,875 and the income per person is $30,049. 22.2% of residents live below the poverty line (Indiana: 12.3%).
Housing in Spiceland: homes for sale and rent
- Housing units
- 377
- Owner-occupied
- 68.9%
- Renter-occupied
- 31.1%
- Vacant
- 13%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.56
Spiceland demographics
- Population
- 840
- Median age
- 32.4
- Under 18
- 22.9%
- 65 and older
- 9.8%
- Households
- 328
- Foreign-born
- 0.4%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Spiceland ›
Education in Spiceland
17% of adults 25 and older in Spiceland have a bachelor's degree or higher (Indiana: 29.5%), and 4.2% have a graduate or professional degree.
Jobs and commute in Spiceland
- Unemployment rate
- 4.7%State: 4.3%
- Average commute
- 32 minState: 24 min
- Work from home
- 2%
- Drive alone
- 81.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 89%
Spiceland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Spiceland | 840 | $65,875 | $118,300 | $789 |
| Dunreith | 204 | $57,250 | $104,200 | $1,250 |
| Lewisville | 282 | $50,208 | $114,300 | $875 |
| Westwood | 584 | $147,743 | $302,400 | — |
| New Castle | 17,367 | $51,606 | $98,000 | $781 |
| Knightstown | 2,241 | $49,792 | $130,000 | $930 |
| Kennard | 415 | $58,125 | $110,700 | $1,089 |
| Mays | 103 | $43,889 | — | — |
| Straughn | 229 | $73,125 | $112,000 | $1,708 |
More for people moving to Spiceland
Spiceland ZIP code ›Weather and climate ›Living in Spiceland: FAQ
What is the median household income in Spiceland, IN?
The median household income in Spiceland is $65,875, 8% 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 Spiceland?
The median home value in Spiceland is $118,300, compared with $218,200 in Indiana.
How much is rent in Spiceland?
The median gross rent in Spiceland is $789 per month, about 37.7% of household income.
Is Spiceland, IN a good place to live?
Pluses: home values 46% lower than the state median. Minuses: median household income 8% lower than the Indiana median; an average commute of 32 minutes; unemployment of 4.7%; a poverty rate of 22.2%.
What is the median age in Spiceland?
The median age in Spiceland is 32.4 years (Indiana: 38.1).
How long is the commute in Spiceland?
The average commute to work in Spiceland is 32 minutes; 2% of workers work from home.
What is the unemployment rate in Spiceland?
The unemployment rate in Spiceland is 4.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Spiceland?
17% of adults in Spiceland 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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