Carbon, IN
Population 293 · Indiana
About Carbon, IN
Carbon is a small community located in Indiana with a population of 293 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,000 per year, which is 7% below the national median of $75,149. The median age of 27.9 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 Carbon features a median home value of $73,300, which is 70% below the national median of $244,900. This makes Carbon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $945, 19% below the national average of $1,163/month. Of the 104 total housing units, 87% are owner-occupied (78 units) and 13% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carbon shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 10.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Carbon have an average one-way commute time of 33 minutes.
Education & Demographics
11.2% of Carbon 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Carbon Ranks in Indiana
Cost of Living in Carbon, IN
Compared to national averages, Carbon has a median household income of $70,000 (7% below the national median of $75,149). Home values average $73,300, which is 70% below the national median. Monthly rent at $945 is 19% below the US average of $1,163. Within Indiana, Carbon's income is 1% above the state average of $69,330, and home values are 55% below the state median of $163,409.
Why Live in Carbon, IN?
Carbon offers affordable housing with a median home value of $73,300, below the US average of $244,900, and rent that’s lower than the national average at $945/month, and a low poverty rate of 10.2%, better than the national average.
Potential considerations include median household income ($70,000) that falls below the national average. However, Carbon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carbon has a population of 293 with a median age of 27.9 years. Compare Carbon with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Carbon
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Saratoga | 293 | $61,364 | $60,400 | Compare |
| Merom | 292 | $37,115 | $57,700 | Compare |
| Hartz Lake | 291 | $43,659 | $0 | Compare |
| Coalmont | 290 | $77,054 | $121,600 | Compare |
| Orestes | 290 | $53,750 | $85,600 | Compare |
| Patricksburg | 290 | $70,931 | $0 | Compare |
| Bowling Green | 289 | $0 | $95,000 | Compare |
| Otter Lake | 297 | $153,162 | $242,200 | 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 Carbon With Other Cities
Frequently Asked Questions about Carbon
What is the population of Carbon, IN?
The population of Carbon, IN is 293 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 Carbon?
The median household income in Carbon, IN is $70,000 per year, which is 7% below the national median of $75,149.
What is the median home value in Carbon?
The median home value in Carbon, IN is $73,300, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carbon?
The median monthly rent in Carbon, IN is $945, which is 19% below the national average of $1,163/month.
What is the unemployment rate in Carbon?
The unemployment rate in Carbon, IN is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carbon, IN a good place to live?
Carbon offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 293 and a median age of 27.9, the city appeals to young professionals and families.
How educated is Carbon, IN?
11.2% of residents in Carbon 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 Carbon?
Key cost-of-living indicators for Carbon, IN: median home value is $73,300 (70% below national), median rent is $945/month, and median household income is $70,000. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carbon?
The poverty rate in Carbon, IN is 10.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Carbon, IN?
Carbon's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.