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Michigantown, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
514
Population
$74,375
Median Income
$147,200
Home Value
33.5
Median Age

Demographics

Michigantown has a population of 514 with a median age of 33.5. Here is the racial and ethnic breakdown of the population:

White
94.2%
Hispanic
2.9%
Other
2.9%
Demographic Value
Total Population514
Median Age33.5
White94.2%
Hispanic or Latino2.9%
Other / Two or More Races2.9%
Michigantown, Indiana — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 94.2%Hispanic/Latino: 2.9%Other: 2.9%514PopulationWhiteWhite94.2%Hispanic/LatinoHispanic/Latino2.9%OtherOther2.9%

Income & Economy

The median household income in Michigantown is $74,375, which is 7.7% below the national median of $80,610. The per capita income is $30,348. The poverty rate is 16.9%.

$74,375
Median Household Income
$30,348
Per Capita Income
16.9%
Poverty Rate

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Education

In Michigantown, 87.0% of residents age 25+ have a high school diploma or higher, and 16.6% hold a bachelor's degree or higher (4.4% with a graduate or professional degree).

HS Diploma+
87.0%
Bachelor's+
16.6%
Graduate+
4.4%
Education Level % of Adults (25+)
High School Diploma or Higher87.0%
Bachelor's Degree or Higher16.6%
Graduate or Professional Degree4.4%

Housing

The median home value in Michigantown is $147,200, below the national median of $303,400. The median monthly rent is $844. The homeownership rate is 63.4%.

$147,200
Median Home Value
$844/mo
Median Rent
63.4%
Homeownership Rate
Housing Metric Value
Median Home Value$147,200
Median Monthly Rent$844
Homeownership Rate63.4%
Vacancy Rate8.2%

Salaries in Indiana

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Frequently Asked Questions

What is the population of Michigantown, Indiana?
The population of Michigantown, Indiana is 514 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Michigantown, Indiana?
The median household income in Michigantown, Indiana is $74,375. This is 7.7% below the national median of $80,610.
What is the median home value in Michigantown, Indiana?
The median home value in Michigantown, Indiana is $147,200. The median monthly rent is $844.
What percentage of people in Michigantown have a college degree?
In Michigantown, Indiana, 16.6% of adults age 25 and older hold a bachelor's degree or higher, and 87.0% have a high school diploma or higher.
Is Michigantown, Indiana an affordable place to live?
The home price-to-income ratio in Michigantown, Indiana is 2.0x (median home value $147,200 vs. median income $74,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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