Goodland, IN
Population 923 · Indiana
About Goodland, IN
Goodland is a small community located in Indiana with a population of 923 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,438 per year, which is 25% below the national median of $75,149. The median age of 50.4 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 Goodland features a median home value of $92,200, which is 62% below the national median of $244,900. This makes Goodland one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $475, 59% below the national average of $1,163/month. Of the 508 total housing units, 84% are owner-occupied (368 units) and 16% are renter-occupied (71 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goodland shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Goodland have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
13.2% of Goodland 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 1.7% White, 3.5% Hispanic or Latino, 0.7% Black or African American, and 2.6% Asian residents, with 1.2% of the population being foreign-born.
How Goodland Ranks in Indiana
Cost of Living in Goodland, IN
Compared to national averages, Goodland has a median household income of $56,438 (25% below the national median of $75,149). Home values average $92,200, which is 62% below the national median. Monthly rent at $475 is 59% below the US average of $1,163. Within Indiana, Goodland's income is 19% below the state average of $69,330, and home values are 44% below the state median of $163,409.
Why Live in Goodland, IN?
Goodland offers affordable housing with a median home value of $92,200, below the US average of $244,900, and rent that’s lower than the national average at $475/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($56,438) that falls below the national average. However, Goodland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goodland has a population of 923 with a median age of 50.4 years. Compare Goodland with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Goodland
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Palestine | 925 | $89,924 | $134,900 | Compare |
| Colfax | 926 | $61,964 | $114,300 | Compare |
| Memphis | 928 | $116,852 | $233,600 | Compare |
| Gilmer Park | 929 | $61,184 | $142,600 | Compare |
| Converse | 912 | $54,167 | $101,700 | Compare |
| Hamlet | 910 | $68,750 | $109,300 | Compare |
| Shipshewana | 902 | $57,679 | $255,000 | Compare |
| Montezuma | 900 | $43,750 | $65,300 | 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 Goodland With Other Cities
Frequently Asked Questions about Goodland
What is the population of Goodland, IN?
The population of Goodland, IN is 923 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Goodland?
The median household income in Goodland, IN is $56,438 per year, which is 25% below the national median of $75,149.
What is the median home value in Goodland?
The median home value in Goodland, IN is $92,200, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodland?
The median monthly rent in Goodland, IN is $475, which is 59% below the national average of $1,163/month.
What is the unemployment rate in Goodland?
The unemployment rate in Goodland, IN is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Goodland, IN a good place to live?
Goodland offers a moderate cost of living, affordable housing, and a strong job market. With a population of 923 and a median age of 50.4, the city appeals to established professionals and retirees.
How educated is Goodland, IN?
13.2% of residents in Goodland 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 Goodland?
Key cost-of-living indicators for Goodland, IN: median home value is $92,200 (62% below national), median rent is $475/month, and median household income is $56,438. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goodland?
The poverty rate in Goodland, IN is 12.5%, 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 Goodland, IN?
Goodland's population is 1.7% White, 3.5% Hispanic or Latino, 0.7% Black or African American, 2.6% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.