Garrett, IN
Population 6,540 · Indiana
About Garrett, IN
Garrett is a small town located in Indiana with a population of 6,540 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,611 per year, which is 13% below the national median of $75,149. The median age of 38.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Garrett features a median home value of $142,800, which is 42% below the national median of $244,900. This makes Garrett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $836, 28% below the national average of $1,163/month. Of the 2,911 total housing units, 83% are owner-occupied (2,236 units) and 17% are renter-occupied (467 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Garrett shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 12.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Garrett have an average one-way commute time of 18.7 minutes, one of the shorter commutes in the region.
Education & Demographics
16.9% of Garrett 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 1.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 2.1% Asian residents, with 2.8% of the population being foreign-born.
Cost of Living in Garrett, IN
Compared to national averages, Garrett has a median household income of $65,611 (13% below the national median of $75,149). Home values average $142,800, which is 42% below the national median. Monthly rent at $836 is 28% below the US average of $1,163. Within Indiana, Garrett's income is 5% below the state average of $69,330, and home values are 13% below the state median of $163,409.
Why Live in Garrett, IN?
Garrett offers affordable housing with a median home value of $142,800, below the US average of $244,900, and rent that’s lower than the national average at $836/month, and a low poverty rate of 12.1%, better than the national average. Additionally, the city features short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($65,611) that falls below the national average. However, Garrett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Garrett has a population of 6,540 with a median age of 38.2 years. Compare Garrett with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Garrett
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Huntingburg | 6,504 | $52,327 | $126,500 | Compare |
| Salem | 6,484 | $51,786 | $136,800 | Compare |
| Dunlap | 6,602 | $86,641 | $208,400 | Compare |
| Mount Vernon | 6,431 | $61,527 | $164,200 | Compare |
| Ellettsville | 6,653 | $82,238 | $224,400 | Compare |
| Boonville | 6,681 | $62,500 | $143,100 | Compare |
| Portland | 6,341 | $45,431 | $90,600 | Compare |
| Ross | 6,740 | $53,824 | $114,600 | 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 Garrett With Other Cities
Frequently Asked Questions about Garrett
What is the population of Garrett, IN?
The population of Garrett, IN is 6,540 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 Garrett?
The median household income in Garrett, IN is $65,611 per year, which is 13% below the national median of $75,149.
What is the median home value in Garrett?
The median home value in Garrett, IN is $142,800, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Garrett?
The median monthly rent in Garrett, IN is $836, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Garrett?
The unemployment rate in Garrett, IN is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Garrett, IN a good place to live?
Garrett offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 6,540 and a median age of 38.2, the city appeals to a broad range of residents.
How educated is Garrett, IN?
16.9% of residents in Garrett 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 Garrett?
Key cost-of-living indicators for Garrett, IN: median home value is $142,800 (42% below national), median rent is $836/month, and median household income is $65,611. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Garrett?
The poverty rate in Garrett, IN is 12.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Garrett, IN?
Garrett's population is 1.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 2.1% Asian, and 0.9% two or more races. 2.8% of residents are foreign-born.