Living in Wolcott, Indiana
Cost of living, income, home prices, rent and demographics of Wolcott · Census data 2020–2024
Wolcott has 1,033 residents with a median age of 41.6. The median household income is $66,875 (7% lower than the Indiana median), the median home value is $113,900, the median rent is $844/month.
Wolcott is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Wolcott at a glance
- Population
- 1,033
- Median age
- 41.6State: 38.1
- Median household income
- $66,875State: $71,957
- Median home value
- $113,900State: $218,200
- Median rent
- $844/moState: $1,062
- Homeowners
- 83.3%
- Bachelor's degree or higher
- 10.7%
- Average commute
- 20 min
Is Wolcott a good place to live?
Pros: Home values 48% lower than the state median; an average commute of 20 minutes; unemployment of 2.4%; a poverty rate of 11.5%.
Cons: Median household income 7% lower than the Indiana median.
The weather is best in June to September.
Cost of living in Wolcott
Housing is the biggest part of the cost of living. In Wolcott the median home value is $113,900, 66% lower than the U.S. median. Renters pay a median of $844 per month, which is 27.3% of household income. Homeowners with a mortgage pay $1,335 a month in housing costs.
Wolcott median household income
The median household income in Wolcott is $66,875 and the income per person is $29,950. 11.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Wolcott: homes for sale and rent
- Housing units
- 481
- Owner-occupied
- 83.3%
- Renter-occupied
- 16.7%
- Vacant
- 7.9%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 2.33
Wolcott demographics
- Population
- 1,033
- Median age
- 41.6
- Under 18
- 25.3%
- 65 and older
- 14.6%
- Households
- 443
- Foreign-born
- 4.4%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Wolcott ›
Education in Wolcott
10.7% of adults 25 and older in Wolcott have a bachelor's degree or higher (Indiana: 29.5%), and 2.4% have a graduate or professional degree.
Jobs and commute in Wolcott
- Unemployment rate
- 2.4%State: 4.3%
- Average commute
- 20 minState: 24 min
- Work from home
- 3.7%
- Drive alone
- 74%
- Public transit
- 0.6%
- Walk to work
- 4.4%
- Homes with broadband
- 88%
Wolcott vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Wolcott | 1,033 | $66,875 | $113,900 | $844 |
| Remington | 1,623 | $75,875 | $146,100 | $746 |
| Reynolds | 718 | $58,750 | $123,900 | $1,300 |
| Monon | 2,091 | $49,286 | $96,000 | $912 |
| Chalmers | 526 | $70,500 | $162,500 | $744 |
| Goodland | 792 | $58,370 | $96,100 | $583 |
| Norway | 282 | $39,286 | $106,000 | — |
| Brookston | 1,530 | $63,182 | $158,500 | $969 |
| Monticello | 5,496 | $52,798 | $149,600 | $927 |
More for people moving to Wolcott
Wolcott ZIP code ›Weather and climate ›Living in Wolcott: FAQ
What is the median household income in Wolcott, IN?
The median household income in Wolcott is $66,875, 7% 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 Wolcott?
The median home value in Wolcott is $113,900, compared with $218,200 in Indiana.
How much is rent in Wolcott?
The median gross rent in Wolcott is $844 per month, about 27.3% of household income.
Is Wolcott, IN a good place to live?
Pluses: home values 48% lower than the state median; an average commute of 20 minutes; unemployment of 2.4%; a poverty rate of 11.5%. Minuses: median household income 7% lower than the Indiana median.
What is the median age in Wolcott?
The median age in Wolcott is 41.6 years (Indiana: 38.1).
How long is the commute in Wolcott?
The average commute to work in Wolcott is 20 minutes; 3.7% of workers work from home.
What is the unemployment rate in Wolcott?
The unemployment rate in Wolcott is 2.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Wolcott?
10.7% of adults in Wolcott 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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