Mineral Springs, IN
Population 768 · Indiana
About Mineral Springs, IN
Mineral Springs is a small community located in Indiana with a population of 768 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,886 per year, which is 40% above the national median of $75,149. The median age of 47.5 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 Mineral Springs features a median home value of $221,500, which is 10% below the national median of $244,900. This positions Mineral Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 299 total housing units, 98% are owner-occupied (292 units) and 2% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Mineral Springs shows an unemployment rate of 10.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Mineral Springs have an average one-way commute time of 16.8 minutes, one of the shorter commutes in the region.
Education & Demographics
27.0% of Mineral Springs 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 0.0% White, 2.5% Hispanic or Latino, 4.4% Black or African American, and 1.3% Asian residents, with 1.3% of the population being foreign-born.
Cost of Living in Mineral Springs, IN
Compared to national averages, Mineral Springs has a median household income of $104,886 (40% above the national median of $75,149). Home values average $221,500, which is 10% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Mineral Springs's income is 51% above the state average of $69,330, and home values are 36% above the state median of $163,409.
Why Live in Mineral Springs, IN?
Mineral Springs offers a strong local economy with a median household income of $104,886, well above the national average, and affordable housing with a median home value of $221,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 5.5%, better than the national average, and short commute times averaging just 16.8 minutes.
Mineral Springs has a population of 768 with a median age of 47.5 years. Compare Mineral Springs with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Mineral Springs
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roachdale | 769 | $60,769 | $116,600 | Compare |
| Moores Hill | 772 | $63,000 | $115,700 | Compare |
| Rockford | 761 | $236,339 | $273,200 | Compare |
| Fillmore | 760 | $83,306 | $102,900 | Compare |
| Freelandville | 776 | $58,654 | $74,000 | Compare |
| Wadesville | 778 | $92,745 | $187,000 | Compare |
| Carthage | 754 | $42,500 | $88,900 | Compare |
| Grandview | 783 | $48,333 | $123,600 | 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 Mineral Springs With Other Cities
Frequently Asked Questions about Mineral Springs
What is the population of Mineral Springs, IN?
The population of Mineral Springs, IN is 768 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 Mineral Springs?
The median household income in Mineral Springs, IN is $104,886 per year, which is 40% above the national median of $75,149.
What is the median home value in Mineral Springs?
The median home value in Mineral Springs, IN is $221,500, which is 10% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mineral Springs?
The median monthly rent in Mineral Springs, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Mineral Springs?
The unemployment rate in Mineral Springs, IN is 10.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mineral Springs, IN a good place to live?
Mineral Springs offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 768 and a median age of 47.5, the city appeals to established professionals and retirees.
How educated is Mineral Springs, IN?
27.0% of residents in Mineral Springs 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 Mineral Springs?
Key cost-of-living indicators for Mineral Springs, IN: median home value is $221,500 (10% below national), median rent is $0/month, and median household income is $104,886. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mineral Springs?
The poverty rate in Mineral Springs, IN is 5.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Mineral Springs, IN?
Mineral Springs's population is 0.0% White, 2.5% Hispanic or Latino, 4.4% Black or African American, 1.3% Asian, and 0.0% two or more races. 1.3% of residents are foreign-born.