Cannelton, IN
Population 1,506 · Indiana
About Cannelton, IN
Cannelton is a small town located in Indiana with a population of 1,506 residents according to the latest US Census Bureau American Community Survey data. The median household income is $35,900 per year, which is 52% below the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cannelton features a median home value of $85,600, which is 65% below the national median of $244,900. This makes Cannelton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $719, 38% below the national average of $1,163/month. Of the 760 total housing units, 50% are owner-occupied (326 units) and 50% are renter-occupied (320 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cannelton shows an unemployment rate of 14.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 32.5%, above the national average of 12.4%. Workers in Cannelton have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
8.4% of Cannelton 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 1.7% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Cannelton, IN
Compared to national averages, Cannelton has a median household income of $35,900 (52% below the national median of $75,149). Home values average $85,600, which is 65% below the national median. Monthly rent at $719 is 38% below the US average of $1,163. Within Indiana, Cannelton's income is 48% below the state average of $69,330, and home values are 48% below the state median of $163,409.
Why Live in Cannelton, IN?
Cannelton offers affordable housing with a median home value of $85,600, below the US average of $244,900, and rent that’s lower than the national average at $719/month, and short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($35,900) that falls below the national average. However, Cannelton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cannelton has a population of 1,506 with a median age of 36.3 years. Compare Cannelton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Cannelton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Daleville | 1,503 | $52,202 | $101,700 | Compare |
| Oolitic | 1,461 | $61,696 | $141,700 | Compare |
| Odon | 1,458 | $44,632 | $137,400 | Compare |
| Redkey | 1,451 | $40,667 | $78,300 | Compare |
| Montpelier | 1,444 | $42,833 | $77,100 | Compare |
| Dale | 1,569 | $58,508 | $119,200 | Compare |
| Jonesboro | 1,571 | $44,637 | $74,900 | Compare |
| Trafalgar | 1,433 | $83,214 | $216,400 | 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 Cannelton With Other Cities
Frequently Asked Questions about Cannelton
What is the population of Cannelton, IN?
The population of Cannelton, IN is 1,506 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 Cannelton?
The median household income in Cannelton, IN is $35,900 per year, which is 52% below the national median of $75,149.
What is the median home value in Cannelton?
The median home value in Cannelton, IN is $85,600, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cannelton?
The median monthly rent in Cannelton, IN is $719, which is 38% below the national average of $1,163/month.
What is the unemployment rate in Cannelton?
The unemployment rate in Cannelton, IN is 14.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cannelton, IN a good place to live?
Cannelton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,506 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Cannelton, IN?
8.4% of residents in Cannelton 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 Cannelton?
Key cost-of-living indicators for Cannelton, IN: median home value is $85,600 (65% below national), median rent is $719/month, and median household income is $35,900. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cannelton?
The poverty rate in Cannelton, IN is 32.5%, 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 Cannelton, IN?
Cannelton's population is 1.7% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.7% two or more races. 0.5% of residents are foreign-born.