Carthage, IN
Population 754 · Indiana
About Carthage, IN
Carthage is a small community located in Indiana with a population of 754 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,500 per year, which is 43% below the national median of $75,149. The median age of 36.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Carthage features a median home value of $88,900, which is 64% below the national median of $244,900. This makes Carthage one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $906, 22% below the national average of $1,163/month. Of the 313 total housing units, 58% are owner-occupied (160 units) and 42% are renter-occupied (118 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Carthage shows an unemployment rate of 7.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 30.6%, above the national average of 12.4%. Workers in Carthage have an average one-way commute time of 40.9 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
5.6% of Carthage 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, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Carthage, IN
Compared to national averages, Carthage has a median household income of $42,500 (43% below the national median of $75,149). Home values average $88,900, which is 64% below the national median. Monthly rent at $906 is 22% below the US average of $1,163. Within Indiana, Carthage's income is 39% below the state average of $69,330, and home values are 46% below the state median of $163,409.
Why Live in Carthage, IN?
Carthage offers affordable housing with a median home value of $88,900, below the US average of $244,900, and rent that’s lower than the national average at $906/month.
Potential considerations include median household income ($42,500) that falls below the national average. However, Carthage’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carthage has a population of 754 with a median age of 36.4 years. Compare Carthage with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Carthage
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Medaryville | 749 | $82,632 | $73,700 | Compare |
| Fillmore | 760 | $83,306 | $102,900 | Compare |
| Rockford | 761 | $236,339 | $273,200 | Compare |
| Royal Center | 747 | $47,422 | $84,100 | Compare |
| Oldenburg | 746 | $77,692 | $254,000 | Compare |
| Mount Summit | 742 | $0 | $211,000 | Compare |
| Pleasant View Village | 741 | $94,395 | $192,100 | Compare |
| Mineral Springs | 768 | $104,886 | $221,500 | 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 Carthage With Other Cities
Frequently Asked Questions about Carthage
What is the population of Carthage, IN?
The population of Carthage, IN is 754 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 Carthage?
The median household income in Carthage, IN is $42,500 per year, which is 43% below the national median of $75,149.
What is the median home value in Carthage?
The median home value in Carthage, IN is $88,900, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carthage?
The median monthly rent in Carthage, IN is $906, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Carthage?
The unemployment rate in Carthage, IN is 7.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Carthage, IN a good place to live?
Carthage offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 754 and a median age of 36.4, the city appeals to a broad range of residents.
How educated is Carthage, IN?
5.6% of residents in Carthage 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 Carthage?
Key cost-of-living indicators for Carthage, IN: median home value is $88,900 (64% below national), median rent is $906/month, and median household income is $42,500. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Carthage?
The poverty rate in Carthage, IN is 30.6%, 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 Carthage, IN?
Carthage's population is 0.0% White, 2.4% 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.