Chesterfield, IN
Population 2,733 · Indiana
About Chesterfield, IN
Chesterfield is a small town located in Indiana with a population of 2,733 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,125 per year, which is 23% below the national median of $75,149. The median age of 40.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Chesterfield features a median home value of $102,300, which is 58% below the national median of $244,900. This makes Chesterfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $957, 18% below the national average of $1,163/month. Of the 1,172 total housing units, 71% are owner-occupied (768 units) and 29% are renter-occupied (320 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Chesterfield shows an unemployment rate of 8.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Chesterfield have an average one-way commute time of 25.2 minutes.
Education & Demographics
17.0% of Chesterfield 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 0.6% White, 5.7% Hispanic or Latino, 3.4% Black or African American, and 0.0% Asian residents, with 2.4% of the population being foreign-born.
Cost of Living in Chesterfield, IN
Compared to national averages, Chesterfield has a median household income of $58,125 (23% below the national median of $75,149). Home values average $102,300, which is 58% below the national median. Monthly rent at $957 is 18% below the US average of $1,163. Within Indiana, Chesterfield's income is 16% below the state average of $69,330, and home values are 37% below the state median of $163,409.
Why Live in Chesterfield, IN?
Chesterfield offers affordable housing with a median home value of $102,300, below the US average of $244,900, and rent that’s lower than the national average at $957/month, and a low poverty rate of 11.4%, better than the national average.
Potential considerations include median household income ($58,125) that falls below the national average. However, Chesterfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Chesterfield has a population of 2,733 with a median age of 40.9 years. Compare Chesterfield with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Chesterfield
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Centerville | 2,748 | $50,724 | $133,200 | Compare |
| Lagrange | 2,770 | $51,786 | $124,000 | Compare |
| Albion | 2,680 | $67,687 | $138,200 | Compare |
| Santa Claus | 2,822 | $101,875 | $247,400 | Compare |
| Brookville | 2,640 | $58,750 | $172,100 | Compare |
| Avilla | 2,637 | $73,250 | $174,500 | Compare |
| Oakland City | 2,635 | $48,750 | $102,000 | Compare |
| Butler | 2,632 | $50,179 | $100,700 | 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 Chesterfield With Other Cities
Frequently Asked Questions about Chesterfield
What is the population of Chesterfield, IN?
The population of Chesterfield, IN is 2,733 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 Chesterfield?
The median household income in Chesterfield, IN is $58,125 per year, which is 23% below the national median of $75,149.
What is the median home value in Chesterfield?
The median home value in Chesterfield, IN is $102,300, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Chesterfield?
The median monthly rent in Chesterfield, IN is $957, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Chesterfield?
The unemployment rate in Chesterfield, IN is 8.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Chesterfield, IN a good place to live?
Chesterfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,733 and a median age of 40.9, the city appeals to a broad range of residents.
How educated is Chesterfield, IN?
17.0% of residents in Chesterfield 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 Chesterfield?
Key cost-of-living indicators for Chesterfield, IN: median home value is $102,300 (58% below national), median rent is $957/month, and median household income is $58,125. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Chesterfield?
The poverty rate in Chesterfield, IN is 11.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Chesterfield, IN?
Chesterfield's population is 0.6% White, 5.7% Hispanic or Latino, 3.4% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.4% of residents are foreign-born.