Kokomo, IN
Population 59,375 · Indiana
About Kokomo, IN
Kokomo is a mid-sized city located in Indiana with a population of 59,375 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,195 per year, which is 28% below the national median of $75,149. The median age of 39.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Kokomo features a median home value of $126,500, which is 48% below the national median of $244,900. This makes Kokomo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $917, 21% below the national average of $1,163/month. Of the 29,872 total housing units, 65% are owner-occupied (16,915 units) and 35% are renter-occupied (9,112 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Kokomo shows an unemployment rate of 5.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.4%, above the national average of 12.4%. Workers in Kokomo have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
17.2% of Kokomo 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 2.6% White, 2.0% Hispanic or Latino, 0.5% Black or African American, and 0.7% Asian residents, with 2.5% of the population being foreign-born.
How Kokomo Ranks in Indiana
Cost of Living in Kokomo, IN
Compared to national averages, Kokomo has a median household income of $54,195 (28% below the national median of $75,149). Home values average $126,500, which is 48% below the national median. Monthly rent at $917 is 21% below the US average of $1,163. Within Indiana, Kokomo's income is 22% below the state average of $69,330, and home values are 23% below the state median of $163,409.
Why Live in Kokomo, IN?
Kokomo offers affordable housing with a median home value of $126,500, below the US average of $244,900, and rent that’s lower than the national average at $917/month, and short commute times averaging just 19 minutes.
Potential considerations include median household income ($54,195) that falls below the national average. However, as a mid-sized city, Kokomo provides access to a wide range of amenities and services.
Kokomo has a population of 59,375 with a median age of 39.8 years. Compare Kokomo with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Kokomo
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Terre Haute | 58,491 | $41,960 | $109,500 | Compare |
| Anderson | 54,930 | $47,221 | $104,300 | Compare |
| Greenwood | 64,237 | $78,765 | $248,700 | Compare |
| Muncie | 64,739 | $43,395 | $92,000 | Compare |
| Elkhart | 53,726 | $47,885 | $126,900 | Compare |
| Westfield | 51,109 | $119,598 | $391,900 | Compare |
| Columbus | 51,104 | $76,856 | $231,000 | Compare |
| Mishawaka | 50,907 | $53,120 | $140,600 | 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 Kokomo With Other Cities
Frequently Asked Questions about Kokomo
What is the population of Kokomo, IN?
The population of Kokomo, IN is 59,375 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Kokomo?
The median household income in Kokomo, IN is $54,195 per year, which is 28% below the national median of $75,149.
What is the median home value in Kokomo?
The median home value in Kokomo, IN is $126,500, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Kokomo?
The median monthly rent in Kokomo, IN is $917, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Kokomo?
The unemployment rate in Kokomo, IN is 5.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Kokomo, IN a good place to live?
Kokomo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 59,375 and a median age of 39.8, the city appeals to a broad range of residents.
How educated is Kokomo, IN?
17.2% of residents in Kokomo 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 Kokomo?
Key cost-of-living indicators for Kokomo, IN: median home value is $126,500 (48% below national), median rent is $917/month, and median household income is $54,195. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Kokomo?
The poverty rate in Kokomo, IN is 15.4%, 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 Kokomo, IN?
Kokomo's population is 2.6% White, 2.0% Hispanic or Latino, 0.5% Black or African American, 0.7% Asian, and 10.5% two or more races. 2.5% of residents are foreign-born.