Benton, IN
Population 394 · Indiana
About Benton, IN
Benton is a small community located in Indiana with a population of 394 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,681 per year, which is 38% above the national median of $75,149. The median age of 52.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Benton features a median home value of $149,500, which is 39% below the national median of $244,900. This positions Benton in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 187 total housing units, 100% are owner-occupied (138 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Benton shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Benton have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
17.3% of Benton 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 34.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 9.4% of the population being foreign-born.
Cost of Living in Benton, IN
Compared to national averages, Benton has a median household income of $103,681 (38% above the national median of $75,149). Home values average $149,500, which is 39% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Benton's income is 50% above the state average of $69,330, and home values are 9% below the state median of $163,409.
Why Live in Benton, IN?
Benton offers a strong local economy with a median household income of $103,681, well above the national average, and affordable housing with a median home value of $149,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 6.6%, better than the national average, and short commute times averaging just 17.5 minutes.
Benton has a population of 394 with a median age of 52.1 years. Compare Benton with other cities to see how it stacks up, or explore all cities in Indiana.
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Benton
What is the population of Benton, IN?
The population of Benton, IN is 394 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Benton?
The median household income in Benton, IN is $103,681 per year, which is 38% above the national median of $75,149.
What is the median home value in Benton?
The median home value in Benton, IN is $149,500, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Benton?
The median monthly rent in Benton, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Benton?
The unemployment rate in Benton, IN is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Benton, IN a good place to live?
Benton offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 394 and a median age of 52.1, the city appeals to established professionals and retirees.
How educated is Benton, IN?
17.3% of residents in Benton 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 Benton?
Key cost-of-living indicators for Benton, IN: median home value is $149,500 (39% below national), median rent is $0/month, and median household income is $103,681. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Benton?
The poverty rate in Benton, IN is 6.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Benton, IN?
Benton's population is 34.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 9.4% of residents are foreign-born.