Larwill, IN
Population 421 · Indiana
About Larwill, IN
Larwill is a small community located in Indiana with a population of 421 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,250 per year, which is 18% below the national median of $75,149. The median age of 27.9 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 Larwill features a median home value of $85,400, which is 65% below the national median of $244,900. This makes Larwill one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,023, 12% below the national average of $1,163/month. Of the 136 total housing units, 72% are owner-occupied (84 units) and 28% are renter-occupied (33 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Larwill shows an unemployment rate of 11.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.3%, above the national average of 12.4%. Workers in Larwill have an average one-way commute time of 26.7 minutes.
Education & Demographics
35.0% of Larwill residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.2% White, 11.9% Hispanic or Latino, 2.1% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Larwill, IN
Compared to national averages, Larwill has a median household income of $61,250 (18% below the national median of $75,149). Home values average $85,400, which is 65% below the national median. Monthly rent at $1,023 is 12% below the US average of $1,163. Within Indiana, Larwill's income is 12% below the state average of $69,330, and home values are 48% below the state median of $163,409.
Why Live in Larwill, IN?
Larwill offers affordable housing with a median home value of $85,400, below the US average of $244,900, and rent that’s lower than the national average at $1,023/month, and a well-educated community where 35.0% of residents hold a bachelor’s degree or higher.
Potential considerations include median household income ($61,250) that falls below the national average. However, Larwill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Larwill has a population of 421 with a median age of 27.9 years. Compare Larwill with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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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 Larwill
What is the population of Larwill, IN?
The population of Larwill, IN is 421 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 Larwill?
The median household income in Larwill, IN is $61,250 per year, which is 18% below the national median of $75,149.
What is the median home value in Larwill?
The median home value in Larwill, IN is $85,400, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Larwill?
The median monthly rent in Larwill, IN is $1,023, which is 12% below the national average of $1,163/month.
What is the unemployment rate in Larwill?
The unemployment rate in Larwill, IN is 11.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Larwill, IN a good place to live?
Larwill offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 421 and a median age of 27.9, the city appeals to young professionals and families.
How educated is Larwill, IN?
35.0% of residents in Larwill aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Larwill?
Key cost-of-living indicators for Larwill, IN: median home value is $85,400 (65% below national), median rent is $1,023/month, and median household income is $61,250. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Larwill?
The poverty rate in Larwill, IN is 24.3%, 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 Larwill, IN?
Larwill's population is 0.2% White, 11.9% Hispanic or Latino, 2.1% Black or African American, 0.0% Asian, and 0.7% two or more races. 0.5% of residents are foreign-born.