Bourbon, IN population, income and ZIP codes

Bourbon town is a small town in Indiana, with 1,816 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #246 of 976 ranked by population — larger than 74% of them. The median age here is 32.5 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Bourbon town earn a median of $71,375 a year, 9.1% below the national figure of $78,538 and 16% above the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 11% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Bourbon town is valued at $156,800, 48.3% below the national figure and 8% above the $145,600 peer median, while median gross rent runs $848 a month, 39.7% below the national figure, or roughly $10,176 across a full year. A household on the local median income would put about 14.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 74.6% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.