Hamlet, IN
Population 910 · Indiana
About Hamlet, IN
Hamlet is a small community in Indiana with a population of 910 residents. The median household income is $68,750 per year, which is near the national average. The median age in Hamlet is 33.3 years.
Housing in Hamlet has a median home value of $109,300 and median monthly rent of $820. Of the 317 total housing units, the majority are owner-occupied, with 209 owner-occupied and 53 renter-occupied units.
The unemployment rate in Hamlet is 2.1% and the poverty rate is 14.0%. 6.4% of residents hold a bachelor's degree or higher. The average commute time is 27 minutes.
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.
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Frequently Asked Questions about Hamlet
What is the population of Hamlet, IN?
The population of Hamlet, IN is 910 according to the latest Census data.
What is the median household income in Hamlet?
The median household income in Hamlet, IN is $68,750 per year.
What is the median home value in Hamlet?
The median home value in Hamlet, IN is $109,300.
What is the average rent in Hamlet?
The median monthly rent in Hamlet, IN is $820.
What is the unemployment rate in Hamlet?
The unemployment rate in Hamlet, IN is 2.1%.