Farmland, IN
Population 1,345 · Indiana
About Farmland, IN
Farmland is a small town located in Indiana with a population of 1,345 residents according to the latest US Census Bureau American Community Survey data. The median household income is $41,516 per year, which is 45% below the national median of $75,149. The median age of 32.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Farmland features a median home value of $92,900, which is 62% below the national median of $244,900. This makes Farmland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $826, 29% below the national average of $1,163/month. Of the 641 total housing units, 53% are owner-occupied (314 units) and 47% are renter-occupied (279 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Farmland shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.1%, above the national average of 12.4%. Workers in Farmland have an average one-way commute time of 22.6 minutes.
Education & Demographics
11.0% of Farmland 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 1.5% White, 2.4% Hispanic or Latino, 0.1% Black or African American, and 0.0% Asian residents, with 2.5% of the population being foreign-born.
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.
Compare Farmland With Other Cities
Frequently Asked Questions about Farmland
What is the population of Farmland, IN?
The population of Farmland, IN is 1,345 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 Farmland?
The median household income in Farmland, IN is $41,516 per year, which is 45% below the national median of $75,149.
What is the median home value in Farmland?
The median home value in Farmland, IN is $92,900, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farmland?
The median monthly rent in Farmland, IN is $826, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Farmland?
The unemployment rate in Farmland, IN is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farmland, IN a good place to live?
Farmland offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,345 and a median age of 32.1, the city appeals to young professionals and families.
How educated is Farmland, IN?
11.0% of residents in Farmland 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 Farmland?
Key cost-of-living indicators for Farmland, IN: median home value is $92,900 (62% below national), median rent is $826/month, and median household income is $41,516. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farmland?
The poverty rate in Farmland, IN is 20.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Farmland, IN?
Farmland's population is 1.5% White, 2.4% Hispanic or Latino, 0.1% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.5% of residents are foreign-born.