Coalmont, IN
Population 290 · Indiana
About Coalmont, IN
Coalmont is a small community located in Indiana with a population of 290 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,054 per year, which is 3% above the national median of $75,149. The median age of 36.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Coalmont features a median home value of $121,600, which is 50% below the national median of $244,900. This makes Coalmont one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 180 total housing units, 100% are owner-occupied (115 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Coalmont shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Coalmont have an average one-way commute time of 44.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
14.5% of Coalmont 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.
Cost of Living in Coalmont, IN
Compared to national averages, Coalmont has a median household income of $77,054 (3% above the national median of $75,149). Home values average $121,600, which is 50% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Coalmont's income is 11% above the state average of $69,330, and home values are 26% below the state median of $163,409.
Why Live in Coalmont, IN?
Coalmont offers a strong local economy with a median household income of $77,054, well above the national average, and affordable housing with a median home value of $121,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average.
Coalmont has a population of 290 with a median age of 36.9 years. Compare Coalmont with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Coalmont
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Orestes | 290 | $53,750 | $85,600 | Compare |
| Patricksburg | 290 | $70,931 | $0 | Compare |
| Bowling Green | 289 | $0 | $95,000 | Compare |
| Hartz Lake | 291 | $43,659 | $0 | Compare |
| Merom | 292 | $37,115 | $57,700 | Compare |
| Carbon | 293 | $70,000 | $73,300 | Compare |
| Saratoga | 293 | $61,364 | $60,400 | Compare |
| Adams Lake | 284 | $91,591 | $0 | 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 Coalmont With Other Cities
Frequently Asked Questions about Coalmont
What is the population of Coalmont, IN?
The population of Coalmont, IN is 290 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 Coalmont?
The median household income in Coalmont, IN is $77,054 per year, which is 3% above the national median of $75,149.
What is the median home value in Coalmont?
The median home value in Coalmont, IN is $121,600, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Coalmont?
The median monthly rent in Coalmont, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Coalmont?
The unemployment rate in Coalmont, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Coalmont, IN a good place to live?
Coalmont offers above-average incomes, affordable housing, and a strong job market. With a population of 290 and a median age of 36.9, the city appeals to a broad range of residents.
How educated is Coalmont, IN?
14.5% of residents in Coalmont 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 Coalmont?
Key cost-of-living indicators for Coalmont, IN: median home value is $121,600 (50% below national), median rent is $0/month, and median household income is $77,054. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Coalmont?
The poverty rate in Coalmont, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Coalmont, IN?
Coalmont'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.