Galveston, IN
Population 1,326 · Indiana
About Galveston, IN
Galveston is a small town located in Indiana with a population of 1,326 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,969 per year, which is 24% below the national median of $75,149. The median age of 49.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Galveston features a median home value of $121,200, which is 51% below the national median of $244,900. This makes Galveston one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $639, 45% below the national average of $1,163/month. Of the 715 total housing units, 66% are owner-occupied (436 units) and 34% are renter-occupied (225 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Galveston shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 10.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Galveston have an average one-way commute time of 23.7 minutes.
Education & Demographics
15.1% of Galveston 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 0.3% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Galveston, IN
Compared to national averages, Galveston has a median household income of $56,969 (24% below the national median of $75,149). Home values average $121,200, which is 51% below the national median. Monthly rent at $639 is 45% below the US average of $1,163. Within Indiana, Galveston's income is 18% below the state average of $69,330, and home values are 26% below the state median of $163,409.
Why Live in Galveston, IN?
Galveston offers affordable housing with a median home value of $121,200, below the US average of $244,900, and rent that’s lower than the national average at $639/month, and a low poverty rate of 10.6%, better than the national average. Additionally, the city features short commute times averaging just 23.7 minutes.
Potential considerations include median household income ($56,969) that falls below the national average. However, Galveston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Galveston has a population of 1,326 with a median age of 49.4 years. Compare Galveston with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Galveston
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shelburn | 1,325 | $41,176 | $72,000 | Compare |
| Morgantown | 1,328 | $50,809 | $129,500 | Compare |
| Harlan | 1,333 | $73,214 | $166,800 | Compare |
| Oxford | 1,333 | $48,500 | $113,900 | Compare |
| Kingsford Heights | 1,313 | $55,938 | $103,100 | Compare |
| Farmland | 1,345 | $41,516 | $92,900 | Compare |
| Culver | 1,346 | $44,250 | $238,500 | Compare |
| Pierceton | 1,349 | $66,597 | $110,700 | 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 Galveston With Other Cities
Frequently Asked Questions about Galveston
What is the population of Galveston, IN?
The population of Galveston, IN is 1,326 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 Galveston?
The median household income in Galveston, IN is $56,969 per year, which is 24% below the national median of $75,149.
What is the median home value in Galveston?
The median home value in Galveston, IN is $121,200, which is 51% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Galveston?
The median monthly rent in Galveston, IN is $639, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Galveston?
The unemployment rate in Galveston, IN is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Galveston, IN a good place to live?
Galveston offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,326 and a median age of 49.4, the city appeals to established professionals and retirees.
How educated is Galveston, IN?
15.1% of residents in Galveston 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 Galveston?
Key cost-of-living indicators for Galveston, IN: median home value is $121,200 (51% below national), median rent is $639/month, and median household income is $56,969. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Galveston?
The poverty rate in Galveston, IN is 10.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Galveston, IN?
Galveston's population is 0.3% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 1.7% two or more races. 0.0% of residents are foreign-born.