Elizabeth, IN
Population 126 · Indiana
About Elizabeth, IN
Elizabeth is a small community located in Indiana with a population of 126 residents according to the latest US Census Bureau American Community Survey data. The median household income is $84,750 per year, which is 13% above the national median of $75,149. The median age of 38.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Elizabeth features a median home value of $127,500, which is 48% below the national median of $244,900. This makes Elizabeth one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,125, 3% below the national average of $1,163/month. Of the 58 total housing units, 86% are owner-occupied (37 units) and 14% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elizabeth shows an unemployment rate of 3.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Elizabeth have an average one-way commute time of 37.1 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
20.2% of Elizabeth 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 Elizabeth, IN
Compared to national averages, Elizabeth has a median household income of $84,750 (13% above the national median of $75,149). Home values average $127,500, which is 48% below the national median. Monthly rent at $1,125 is 3% below the US average of $1,163. Within Indiana, Elizabeth's income is 22% above the state average of $69,330, and home values are 22% below the state median of $163,409.
Why Live in Elizabeth, IN?
Elizabeth offers a strong local economy with a median household income of $84,750, well above the national average, and affordable housing with a median home value of $127,500, below the US average of $244,900, and rent that’s lower than the national average at $1,125/month. Additionally, the city features a strong job market with an unemployment rate of just 3.1%, and a low poverty rate of 3.2%, better than the national average.
Elizabeth has a population of 126 with a median age of 38.8 years. Compare Elizabeth with other cities to see how it stacks up, or explore all cities in Indiana.
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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 Elizabeth
What is the population of Elizabeth, IN?
The population of Elizabeth, IN is 126 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 Elizabeth?
The median household income in Elizabeth, IN is $84,750 per year, which is 13% above the national median of $75,149.
What is the median home value in Elizabeth?
The median home value in Elizabeth, IN is $127,500, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elizabeth?
The median monthly rent in Elizabeth, IN is $1,125, which is 3% below the national average of $1,163/month.
What is the unemployment rate in Elizabeth?
The unemployment rate in Elizabeth, IN is 3.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elizabeth, IN a good place to live?
Elizabeth offers above-average incomes, affordable housing, and a strong job market. With a population of 126 and a median age of 38.8, the city appeals to a broad range of residents.
How educated is Elizabeth, IN?
20.2% of residents in Elizabeth 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 Elizabeth?
Key cost-of-living indicators for Elizabeth, IN: median home value is $127,500 (48% below national), median rent is $1,125/month, and median household income is $84,750. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elizabeth?
The poverty rate in Elizabeth, IN is 3.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Elizabeth, IN?
Elizabeth'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.