Liberty, IN
Population 1,958 · Indiana
About Liberty, IN
Liberty is a small town located in Indiana with a population of 1,958 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,801 per year, which is 38% below the national median of $75,149. The median age of 44.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Liberty features a median home value of $122,000, which is 50% below the national median of $244,900. This makes Liberty one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $745, 36% below the national average of $1,163/month. Of the 1,080 total housing units, 74% are owner-occupied (690 units) and 26% are renter-occupied (239 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Liberty shows an unemployment rate of 3.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.3%, above the national average of 12.4%. Workers in Liberty have an average one-way commute time of 28 minutes.
Education & Demographics
20.4% of Liberty 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 0.1% White, 3.4% Hispanic or Latino, 0.3% Black or African American, and 0.2% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Liberty, IN
Compared to national averages, Liberty has a median household income of $46,801 (38% below the national median of $75,149). Home values average $122,000, which is 50% below the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Indiana, Liberty's income is 32% below the state average of $69,330, and home values are 25% below the state median of $163,409.
Why Live in Liberty, IN?
Liberty offers affordable housing with a median home value of $122,000, below the US average of $244,900, and rent that’s lower than the national average at $745/month, and a strong job market with an unemployment rate of just 3.0%.
Potential considerations include median household income ($46,801) that falls below the national average. However, Liberty’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Liberty has a population of 1,958 with a median age of 44.1 years. Compare Liberty with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Liberty
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Milford | 1,955 | $52,014 | $135,300 | Compare |
| Salt Creek Commons | 1,973 | $84,648 | $181,100 | Compare |
| Trail Creek | 1,983 | $65,929 | $177,600 | Compare |
| Hope | 1,988 | $68,015 | $127,200 | Compare |
| Battle Ground | 1,989 | $104,583 | $268,300 | Compare |
| Williamsport | 1,921 | $56,875 | $132,500 | Compare |
| Greentown | 2,005 | $57,917 | $116,500 | Compare |
| Bristol | 1,903 | $81,656 | $202,900 | 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 Liberty With Other Cities
Frequently Asked Questions about Liberty
What is the population of Liberty, IN?
The population of Liberty, IN is 1,958 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Liberty?
The median household income in Liberty, IN is $46,801 per year, which is 38% below the national median of $75,149.
What is the median home value in Liberty?
The median home value in Liberty, IN is $122,000, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Liberty?
The median monthly rent in Liberty, IN is $745, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Liberty?
The unemployment rate in Liberty, IN is 3.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Liberty, IN a good place to live?
Liberty offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,958 and a median age of 44.1, the city appeals to a broad range of residents.
How educated is Liberty, IN?
20.4% of residents in Liberty 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 Liberty?
Key cost-of-living indicators for Liberty, IN: median home value is $122,000 (50% below national), median rent is $745/month, and median household income is $46,801. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Liberty?
The poverty rate in Liberty, IN is 13.3%, 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 Liberty, IN?
Liberty's population is 0.1% White, 3.4% Hispanic or Latino, 0.3% Black or African American, 0.2% Asian, and 1.2% two or more races. 1.5% of residents are foreign-born.