Hamlet, IN
Population 910 · Indiana
About Hamlet, IN
Hamlet is a small community located in Indiana with a population of 910 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,750 per year, which is 9% below the national median of $75,149. The median age of 33.3 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 Hamlet features a median home value of $109,300, which is 55% below the national median of $244,900. This makes Hamlet one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $820, 29% below the national average of $1,163/month. Of the 317 total housing units, 80% are owner-occupied (209 units) and 20% are renter-occupied (53 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hamlet shows an unemployment rate of 2.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.0%, above the national average of 12.4%. Workers in Hamlet have an average one-way commute time of 27 minutes.
Education & Demographics
6.4% of Hamlet 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 2.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Hamlet, IN
Compared to national averages, Hamlet has a median household income of $68,750 (9% below the national median of $75,149). Home values average $109,300, which is 55% below the national median. Monthly rent at $820 is 29% below the US average of $1,163. Within Indiana, Hamlet's income is 1% below the state average of $69,330, and home values are 33% below the state median of $163,409.
Why Live in Hamlet, IN?
Hamlet offers affordable housing with a median home value of $109,300, below the US average of $244,900, and rent that’s lower than the national average at $820/month, and a strong job market with an unemployment rate of just 2.1%.
Potential considerations include median household income ($68,750) that falls below the national average. However, Hamlet’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hamlet has a population of 910 with a median age of 33.3 years. Compare Hamlet with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Hamlet
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Converse | 912 | $54,167 | $101,700 | Compare |
| Shipshewana | 902 | $57,679 | $255,000 | Compare |
| Montezuma | 900 | $43,750 | $65,300 | Compare |
| Goodland | 923 | $56,438 | $92,200 | Compare |
| Spiceland | 896 | $63,676 | $107,700 | Compare |
| Palestine | 925 | $89,924 | $134,900 | Compare |
| Colfax | 926 | $61,964 | $114,300 | Compare |
| Memphis | 928 | $116,852 | $233,600 | 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 Hamlet With Other Cities
Frequently Asked Questions about Hamlet
What is the population of Hamlet, IN?
The population of Hamlet, IN is 910 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 Hamlet?
The median household income in Hamlet, IN is $68,750 per year, which is 9% below the national median of $75,149.
What is the median home value in Hamlet?
The median home value in Hamlet, IN is $109,300, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hamlet?
The median monthly rent in Hamlet, IN is $820, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Hamlet?
The unemployment rate in Hamlet, IN is 2.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hamlet, IN a good place to live?
Hamlet offers a moderate cost of living, affordable housing, and a strong job market. With a population of 910 and a median age of 33.3, the city appeals to young professionals and families.
How educated is Hamlet, IN?
6.4% of residents in Hamlet 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 Hamlet?
Key cost-of-living indicators for Hamlet, IN: median home value is $109,300 (55% below national), median rent is $820/month, and median household income is $68,750. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hamlet?
The poverty rate in Hamlet, IN is 14.0%, 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 Hamlet, IN?
Hamlet's population is 2.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.