Anderson, IN
Population 54,930 · Indiana
About Anderson, IN
Anderson is a mid-sized city located in Indiana with a population of 54,930 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,221 per year, which is 37% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Anderson features a median home value of $104,300, which is 57% below the national median of $244,900. This makes Anderson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $909, 22% below the national average of $1,163/month. Of the 27,465 total housing units, 56% are owner-occupied (13,224 units) and 44% are renter-occupied (10,600 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Anderson shows an unemployment rate of 7.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.4%, above the national average of 12.4%. Workers in Anderson have an average one-way commute time of 25.4 minutes.
Education & Demographics
16.1% of Anderson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 6.3% White, 2.8% Hispanic or Latino, 1.1% Black or African American, and 0.9% Asian residents, with 2.4% of the population being foreign-born.
How Anderson Ranks in Indiana
Cost of Living in Anderson, IN
Compared to national averages, Anderson has a median household income of $47,221 (37% below the national median of $75,149). Home values average $104,300, which is 57% below the national median. Monthly rent at $909 is 22% below the US average of $1,163. Within Indiana, Anderson's income is 32% below the state average of $69,330, and home values are 36% below the state median of $163,409.
Why Live in Anderson, IN?
Anderson offers affordable housing with a median home value of $104,300, below the US average of $244,900, and rent that’s lower than the national average at $909/month.
Potential considerations include median household income ($47,221) that falls below the national average. However, as a mid-sized city, Anderson provides access to a wide range of amenities and services.
Anderson has a population of 54,930 with a median age of 38.2 years. Compare Anderson with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Anderson
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elkhart | 53,726 | $47,885 | $126,900 | Compare |
| Terre Haute | 58,491 | $41,960 | $109,500 | Compare |
| Westfield | 51,109 | $119,598 | $391,900 | Compare |
| Columbus | 51,104 | $76,856 | $231,000 | Compare |
| Mishawaka | 50,907 | $53,120 | $140,600 | Compare |
| Kokomo | 59,375 | $54,195 | $126,500 | Compare |
| Jeffersonville | 50,176 | $70,157 | $208,500 | Compare |
| Lawrence | 49,284 | $73,455 | $220,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Anderson With Other Cities
Frequently Asked Questions about Anderson
What is the population of Anderson, IN?
The population of Anderson, IN is 54,930 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Anderson?
The median household income in Anderson, IN is $47,221 per year, which is 37% below the national median of $75,149.
What is the median home value in Anderson?
The median home value in Anderson, IN is $104,300, which is 57% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Anderson?
The median monthly rent in Anderson, IN is $909, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Anderson?
The unemployment rate in Anderson, IN is 7.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Anderson, IN a good place to live?
Anderson offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 54,930 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Anderson, IN?
16.1% of residents in Anderson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Anderson?
Key cost-of-living indicators for Anderson, IN: median home value is $104,300 (57% below national), median rent is $909/month, and median household income is $47,221. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Anderson?
The poverty rate in Anderson, IN is 20.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Anderson, IN?
Anderson's population is 6.3% White, 2.8% Hispanic or Latino, 1.1% Black or African American, 0.9% Asian, and 11.9% two or more races. 2.4% of residents are foreign-born.