Bourbon, IN
Population 1,816 · Indiana
About Bourbon, IN
Bourbon is a small town located in Indiana with a population of 1,816 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,375 per year, which is 5% below the national median of $75,149. The median age of 32.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Bourbon features a median home value of $156,800, which is 36% below the national median of $244,900. This positions Bourbon in a moderately priced market relative to the rest of the country. Median monthly rent is $848, 27% below the national average of $1,163/month. Of the 765 total housing units, 75% are owner-occupied (502 units) and 25% are renter-occupied (171 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bourbon shows an unemployment rate of 3.9%, which is near the national rate of 3.7%. The poverty rate stands at 11.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bourbon have an average one-way commute time of 20.1 minutes.
Education & Demographics
23.1% of Bourbon 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 2.9% White, 3.1% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Bourbon, IN
Compared to national averages, Bourbon has a median household income of $71,375 (5% below the national median of $75,149). Home values average $156,800, which is 36% below the national median. Monthly rent at $848 is 27% below the US average of $1,163. Within Indiana, Bourbon's income is 3% above the state average of $69,330, and home values are 4% below the state median of $163,409.
Why Live in Bourbon, IN?
Bourbon offers affordable housing with a median home value of $156,800, below the US average of $244,900, and rent that’s lower than the national average at $848/month, and a low poverty rate of 11.0%, better than the national average. Additionally, the city features short commute times averaging just 20.1 minutes.
Potential considerations include median household income ($71,375) that falls below the national average. However, Bourbon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bourbon has a population of 1,816 with a median age of 32.5 years. Compare Bourbon with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Bourbon
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roanoke | 1,819 | $72,880 | $168,600 | Compare |
| Argos | 1,822 | $60,214 | $128,100 | Compare |
| Dillsboro | 1,809 | $46,591 | $137,700 | Compare |
| Ardmore | 1,807 | $45,709 | $113,300 | Compare |
| Henryville | 1,804 | $77,440 | $190,200 | Compare |
| North Liberty | 1,838 | $61,143 | $157,100 | Compare |
| French Lick | 1,790 | $54,412 | $79,600 | Compare |
| Frankton | 1,789 | $64,500 | $120,200 | 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 Bourbon With Other Cities
Frequently Asked Questions about Bourbon
What is the population of Bourbon, IN?
The population of Bourbon, IN is 1,816 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Bourbon?
The median household income in Bourbon, IN is $71,375 per year, which is 5% below the national median of $75,149.
What is the median home value in Bourbon?
The median home value in Bourbon, IN is $156,800, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bourbon?
The median monthly rent in Bourbon, IN is $848, which is 27% below the national average of $1,163/month.
What is the unemployment rate in Bourbon?
The unemployment rate in Bourbon, IN is 3.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bourbon, IN a good place to live?
Bourbon offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,816 and a median age of 32.5, the city appeals to young professionals and families.
How educated is Bourbon, IN?
23.1% of residents in Bourbon 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 Bourbon?
Key cost-of-living indicators for Bourbon, IN: median home value is $156,800 (36% below national), median rent is $848/month, and median household income is $71,375. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bourbon?
The poverty rate in Bourbon, IN is 11.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bourbon, IN?
Bourbon's population is 2.9% White, 3.1% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.1% two or more races. 1.2% of residents are foreign-born.