Laurel, IN
Population 474 · Indiana
About Laurel, IN
Laurel is a small community in Indiana with a population of 474 residents. The median household income is $24,663 per year, which is below the national average. The median age in Laurel is 28 years.
Housing in Laurel has a median home value of $76,100 and median monthly rent of $973. Of the 250 total housing units, the majority are owner-occupied, with 120 owner-occupied and 85 renter-occupied units.
The unemployment rate in Laurel is 13.6% and the poverty rate is 33.8%. 1.8% of residents hold a bachelor's degree or higher. The average commute time is 26.5 minutes.
Cost of Living in Laurel, IN
Compared to national averages, Laurel has a median household income of $24,663 (67% below the national median of $75,149). Home values average $76,100, which is 69% below the national median. Monthly rent at $973 is 16% below the US average of $1,163. Within Indiana, Laurel's income is 64% below the state average of $69,330, and home values are 53% below the state median of $163,409.
Why Live in Laurel, IN?
Laurel offers affordable housing with a median home value of $76,100, below the US average of $244,900, and rent that’s lower than the national average at $973/month.
Potential considerations include median household income ($24,663) that falls below the national average. However, Laurel’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Laurel has a population of 474 with a median age of 28 years. Compare Laurel with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Laurel
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Williamsburg | 473 | $87,273 | $87,300 | Compare |
| Michigantown | 470 | $73,214 | $125,000 | Compare |
| Ramsey | 478 | $79,559 | $181,800 | Compare |
| Riley | 479 | $72,813 | $92,700 | Compare |
| Sulphur Springs | 466 | $53,750 | $133,700 | Compare |
| Van Bibber Lake | 483 | $32,195 | $0 | Compare |
| Stanford | 463 | $128,356 | $220,800 | Compare |
| Elnora | 487 | $48,750 | $90,500 | 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 Laurel
What is the population of Laurel, IN?
The population of Laurel, IN is 474 according to the latest Census data.
What is the median household income in Laurel?
The median household income in Laurel, IN is $24,663 per year.
What is the median home value in Laurel?
The median home value in Laurel, IN is $76,100.
What is the average rent in Laurel?
The median monthly rent in Laurel, IN is $973.
What is the unemployment rate in Laurel?
The unemployment rate in Laurel, IN is 13.6%.