Galena, IN
Population 1,618 · Indiana
About Galena, IN
Galena is a small town located in Indiana with a population of 1,618 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,411 per year, which is 50% above the national median of $75,149. The median age of 39.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Galena features a median home value of $269,000, which is 10% above the national median of $244,900. This positions Galena in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 570 total housing units, 99% are owner-occupied (511 units) and 1% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Galena shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 0.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Galena have an average one-way commute time of 26.1 minutes.
Education & Demographics
32.2% of Galena residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 3.2% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Galena, IN
Compared to national averages, Galena has a median household income of $112,411 (50% above the national median of $75,149). Home values average $269,000, which is 10% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Galena's income is 62% above the state average of $69,330, and home values are 65% above the state median of $163,409.
Why Live in Galena, IN?
Galena offers a strong local economy with a median household income of $112,411, well above the national average, and rent that’s lower than the national average at $0/month, and a low poverty rate of 0.7%, better than the national average.
Galena has a population of 1,618 with a median age of 39.3 years. Compare Galena with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Galena
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cambridge City | 1,623 | $46,500 | $97,400 | Compare |
| New Paris | 1,630 | $71,750 | $173,100 | Compare |
| Greenville | 1,602 | $128,348 | $294,900 | Compare |
| Worthington | 1,634 | $41,534 | $67,600 | Compare |
| Rossville | 1,601 | $68,657 | $177,200 | Compare |
| Osgood | 1,583 | $50,799 | $116,200 | Compare |
| Remington | 1,581 | $67,870 | $138,700 | Compare |
| Eaton | 1,656 | $49,076 | $85,600 | 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 Galena With Other Cities
Frequently Asked Questions about Galena
What is the population of Galena, IN?
The population of Galena, IN is 1,618 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 Galena?
The median household income in Galena, IN is $112,411 per year, which is 50% above the national median of $75,149.
What is the median home value in Galena?
The median home value in Galena, IN is $269,000, which is 10% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Galena?
The median monthly rent in Galena, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Galena?
The unemployment rate in Galena, IN is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Galena, IN a good place to live?
Galena offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,618 and a median age of 39.3, the city appeals to a broad range of residents.
How educated is Galena, IN?
32.2% of residents in Galena 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 Galena?
Key cost-of-living indicators for Galena, IN: median home value is $269,000 (10% above national), median rent is $0/month, and median household income is $112,411. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Galena?
The poverty rate in Galena, IN is 0.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Galena, IN?
Galena's population is 0.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 3.2% Asian, and 0.8% two or more races. 1.1% of residents are foreign-born.