Farmland, IN
Population 1,345 · Indiana
About Farmland, IN
Farmland is a small community in Indiana with a population of 1,345 residents. The median household income is $41,516 per year, which is below the national average. The median age in Farmland is 32.1 years.
Housing in Farmland has a median home value of $92,900 and median monthly rent of $826. Of the 641 total housing units, the majority are owner-occupied, with 314 owner-occupied and 279 renter-occupied units.
The unemployment rate in Farmland is 5.7% and the poverty rate is 20.1%. 11.0% of residents hold a bachelor's degree or higher. The average commute time is 22.6 minutes.
Cost of Living in Farmland, IN
Compared to national averages, Farmland has a median household income of $41,516 (45% below the national median of $75,149). Home values average $92,900, which is 62% below the national median. Monthly rent at $826 is 29% below the US average of $1,163. Within Indiana, Farmland's income is 40% below the state average of $69,330, and home values are 43% below the state median of $163,409.
Why Live in Farmland, IN?
Farmland offers affordable housing with a median home value of $92,900, below the US average of $244,900, and rent that’s lower than the national average at $826/month, and short commute times averaging just 22.6 minutes.
Potential considerations include median household income ($41,516) that falls below the national average. However, Farmland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmland has a population of 1,345 with a median age of 32.1 years. Compare Farmland with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Farmland
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Culver | 1,346 | $44,250 | $238,500 | Compare |
| Pierceton | 1,349 | $66,597 | $110,700 | Compare |
| Harlan | 1,333 | $73,214 | $166,800 | Compare |
| Oxford | 1,333 | $48,500 | $113,900 | Compare |
| Morgantown | 1,328 | $50,809 | $129,500 | Compare |
| Galveston | 1,326 | $56,969 | $121,200 | Compare |
| Shelburn | 1,325 | $41,176 | $72,000 | Compare |
| Russiaville | 1,374 | $86,321 | $175,300 | 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 Farmland
What is the population of Farmland, IN?
The population of Farmland, IN is 1,345 according to the latest Census data.
What is the median household income in Farmland?
The median household income in Farmland, IN is $41,516 per year.
What is the median home value in Farmland?
The median home value in Farmland, IN is $92,900.
What is the average rent in Farmland?
The median monthly rent in Farmland, IN is $826.
What is the unemployment rate in Farmland?
The unemployment rate in Farmland, IN is 5.7%.