Living in Underwood, Indiana
Cost of living, income, home prices, rent and demographics of Underwood · Census data 2020–2024
Underwood has 957 residents with a median age of 20.1. The median household income is $69,625 (3% lower than the Indiana median), the median home value is $176,300.
Underwood is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Underwood at a glance
- Population
- 957
- Median age
- 20.1State: 38.1
- Median household income
- $69,625State: $71,957
- Median home value
- $176,300State: $218,200
- Homeowners
- 87.4%
- Bachelor's degree or higher
- 31.9%
- Average commute
- 41 min
Is Underwood a good place to live?
Pros: Home values 19% lower than the state median; a poverty rate of 2.8%.
Cons: Median household income 3% lower than the Indiana median; an average commute of 41 minutes; unemployment of 5.4%.
The weather is best in May–June and September–October.
Cost of living in Underwood
Housing is the biggest part of the cost of living. In Underwood the median home value is $176,300, 47% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,299 a month in housing costs.
Underwood median household income
The median household income in Underwood is $69,625 and the income per person is $21,286. 2.8% of residents live below the poverty line (Indiana: 12.3%).
Housing in Underwood: homes for sale and rent
- Housing units
- 239
- Owner-occupied
- 87.4%
- Renter-occupied
- 12.6%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 4.00
Underwood demographics
- Population
- 957
- Median age
- 20.1
- Under 18
- 49.6%
- 65 and older
- 9.6%
- Households
- 239
- Foreign-born
- 2.6%
- Veterans
- 8.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Underwood ›
Education in Underwood
31.9% of adults 25 and older in Underwood have a bachelor's degree or higher (Indiana: 29.5%), and 5.2% have a graduate or professional degree.
Jobs and commute in Underwood
- Unemployment rate
- 5.4%State: 4.3%
- Average commute
- 41 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.1%
Underwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Underwood | 957 | $69,625 | $176,300 | — |
| Henryville | 1,691 | $71,667 | $204,000 | $810 |
| Otisco | 109 | $36,563 | — | — |
| Memphis | 784 | $137,560 | $235,900 | — |
| Scottsburg | 7,362 | $38,578 | $146,200 | $831 |
| Little York | 208 | $64,583 | $159,400 | $1,021 |
| Austin | 3,818 | $31,520 | $86,200 | $677 |
| New Washington | 351 | $81,705 | $187,500 | — |
| Charlestown | 8,294 | $77,288 | $208,300 | $1,033 |
More for people moving to Underwood
Underwood ZIP code ›Weather and climate ›Living in Underwood: FAQ
What is the median household income in Underwood, IN?
The median household income in Underwood is $69,625, 3% 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 Underwood?
The median home value in Underwood is $176,300, compared with $218,200 in Indiana.
Is Underwood, IN a good place to live?
Pluses: home values 19% lower than the state median; a poverty rate of 2.8%. Minuses: median household income 3% lower than the Indiana median; an average commute of 41 minutes; unemployment of 5.4%.
What is the median age in Underwood?
The median age in Underwood is 20.1 years (Indiana: 38.1).
How long is the commute in Underwood?
The average commute to work in Underwood is 41 minutes; 0% of workers work from home.
What is the unemployment rate in Underwood?
The unemployment rate in Underwood is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Underwood?
31.9% of adults in Underwood 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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