Indiana · Census place 22792
Farmland town, IN
Quick answer
Farmland town has 1,345 residents, ranking #295 of 976 places in Indiana. Median household income is $41,516, the median home is worth $92,900 and median gross rent runs $826 a month.
- Population
- 1,345Farmland town residents
- Median household income
- $41,516Past 12 months, inflation adjusted
- Median home value
- $92,900Owner-occupied units
- Median gross rent
- $826Rent plus utilities, monthly
- Median age
- 32.1 yrsAll residents
- Homeownership rate
- 53%Owner-occupied households
What the numbers mean in Farmland town
Housing cost measured against local earnings.
A household earning the Farmland town median would spend about 23.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.1% of residents and 53% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Indiana.
- Russiaville town 1,374
- Pierceton town 1,349
- Culver town 1,346
- Harlan CDP 1,333
- Oxford town 1,333
- Morgantown town 1,328
- Galveston town 1,326
Keep going
More Indiana coverage.