Carthage, IN
Population 754 · Indiana
About Carthage, IN
Carthage is a small community in Indiana with a population of 754 residents. The median household income is $42,500 per year, which is below the national average. The median age in Carthage is 36.4 years.
Housing in Carthage has a median home value of $88,900 and median monthly rent of $906. Of the 313 total housing units, the majority are owner-occupied, with 160 owner-occupied and 118 renter-occupied units.
The unemployment rate in Carthage is 7.6% and the poverty rate is 30.6%. 5.6% of residents hold a bachelor's degree or higher. The average commute time is 40.9 minutes.
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.
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Frequently Asked Questions about Carthage
What is the population of Carthage, IN?
The population of Carthage, IN is 754 according to the latest Census data.
What is the median household income in Carthage?
The median household income in Carthage, IN is $42,500 per year.
What is the median home value in Carthage?
The median home value in Carthage, IN is $88,900.
What is the average rent in Carthage?
The median monthly rent in Carthage, IN is $906.
What is the unemployment rate in Carthage?
The unemployment rate in Carthage, IN is 7.6%.