Boswell, IN
Population 703 · Indiana
About Boswell, IN
Boswell is a small community located in Indiana with a population of 703 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,091 per year, which is 35% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Boswell features a median home value of $92,400, which is 62% below the national median of $244,900. This makes Boswell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $900, 23% below the national average of $1,163/month. Of the 305 total housing units, 69% are owner-occupied (193 units) and 31% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Boswell shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 32.9%, above the national average of 12.4%. Workers in Boswell have an average one-way commute time of 23.2 minutes.
Education & Demographics
10.9% of Boswell 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 23.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 11.2% Asian residents, with 17.1% of the population being foreign-born.
Cost of Living in Boswell, IN
Compared to national averages, Boswell has a median household income of $49,091 (35% below the national median of $75,149). Home values average $92,400, which is 62% below the national median. Monthly rent at $900 is 23% below the US average of $1,163. Within Indiana, Boswell's income is 29% below the state average of $69,330, and home values are 43% below the state median of $163,409.
Why Live in Boswell, IN?
Boswell offers affordable housing with a median home value of $92,400, below the US average of $244,900, and rent that’s lower than the national average at $900/month, and a strong job market with an unemployment rate of just 2.1%. Additionally, the city features short commute times averaging just 23.2 minutes.
Potential considerations include median household income ($49,091) that falls below the national average. However, Boswell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Boswell has a population of 703 with a median age of 37.4 years. Compare Boswell with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Boswell
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cromwell | 703 | $48,500 | $111,800 | Compare |
| Clarks Hill | 706 | $45,875 | $98,200 | Compare |
| Shoals | 700 | $43,304 | $114,300 | Compare |
| Harmony | 708 | $53,650 | $115,100 | Compare |
| Gaston | 709 | $49,417 | $87,300 | Compare |
| Nineveh | 694 | $73,750 | $181,400 | Compare |
| Windfall City | 693 | $61,375 | $94,300 | Compare |
| Fountain City | 718 | $46,106 | $96,900 | 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 Boswell With Other Cities
Frequently Asked Questions about Boswell
What is the population of Boswell, IN?
The population of Boswell, IN is 703 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 Boswell?
The median household income in Boswell, IN is $49,091 per year, which is 35% below the national median of $75,149.
What is the median home value in Boswell?
The median home value in Boswell, IN is $92,400, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Boswell?
The median monthly rent in Boswell, IN is $900, which is 23% below the national average of $1,163/month.
What is the unemployment rate in Boswell?
The unemployment rate in Boswell, IN is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Boswell, IN a good place to live?
Boswell offers a moderate cost of living, affordable housing, and a strong job market. With a population of 703 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Boswell, IN?
10.9% of residents in Boswell 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 Boswell?
Key cost-of-living indicators for Boswell, IN: median home value is $92,400 (62% below national), median rent is $900/month, and median household income is $49,091. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Boswell?
The poverty rate in Boswell, IN is 32.9%, 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 Boswell, IN?
Boswell's population is 23.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 11.2% Asian, and 6.7% two or more races. 17.1% of residents are foreign-born.