Oldenburg, IN
Population 746 · Indiana
About Oldenburg, IN
Oldenburg is a small community located in Indiana with a population of 746 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,692 per year, which is 3% above the national median of $75,149. The median age of 39.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Oldenburg features a median home value of $254,000, which is 4% above the national median of $244,900. This positions Oldenburg in a moderately priced market relative to the rest of the country. Median monthly rent is $650, 44% below the national average of $1,163/month. Of the 233 total housing units, 71% are owner-occupied (152 units) and 29% are renter-occupied (62 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oldenburg shows an unemployment rate of 0.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.2%, above the national average of 12.4%. Workers in Oldenburg have an average one-way commute time of 24.3 minutes.
Education & Demographics
51.8% of Oldenburg residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Oldenburg Ranks in Indiana
Cost of Living in Oldenburg, IN
Compared to national averages, Oldenburg has a median household income of $77,692 (3% above the national median of $75,149). Home values average $254,000, which is 4% above the national median. Monthly rent at $650 is 44% below the US average of $1,163. Within Indiana, Oldenburg's income is 12% above the state average of $69,330, and home values are 55% above the state median of $163,409.
Why Live in Oldenburg, IN?
Oldenburg offers a strong local economy with a median household income of $77,692, well above the national average, and rent that’s lower than the national average at $650/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features a well-educated community where 51.8% of residents hold a bachelor’s degree or higher, and short commute times averaging just 24.3 minutes.
Oldenburg has a population of 746 with a median age of 39.5 years. Compare Oldenburg with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Oldenburg
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Royal Center | 747 | $47,422 | $84,100 | Compare |
| Medaryville | 749 | $82,632 | $73,700 | Compare |
| Mount Summit | 742 | $0 | $211,000 | Compare |
| Pleasant View Village | 741 | $94,395 | $192,100 | Compare |
| Carthage | 754 | $42,500 | $88,900 | Compare |
| Walton | 734 | $46,176 | $89,200 | Compare |
| Fillmore | 760 | $83,306 | $102,900 | Compare |
| Browns Crossing | 731 | $155,467 | $0 | 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 Oldenburg With Other Cities
Frequently Asked Questions about Oldenburg
What is the population of Oldenburg, IN?
The population of Oldenburg, IN is 746 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 Oldenburg?
The median household income in Oldenburg, IN is $77,692 per year, which is 3% above the national median of $75,149.
What is the median home value in Oldenburg?
The median home value in Oldenburg, IN is $254,000, which is 4% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oldenburg?
The median monthly rent in Oldenburg, IN is $650, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Oldenburg?
The unemployment rate in Oldenburg, IN is 0.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oldenburg, IN a good place to live?
Oldenburg offers above-average incomes, a competitive housing market, and a strong job market. With a population of 746 and a median age of 39.5, the city appeals to a broad range of residents.
How educated is Oldenburg, IN?
51.8% of residents in Oldenburg 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 Oldenburg?
Key cost-of-living indicators for Oldenburg, IN: median home value is $254,000 (4% above national), median rent is $650/month, and median household income is $77,692. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Oldenburg?
The poverty rate in Oldenburg, IN is 21.2%, 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 Oldenburg, IN?
Oldenburg's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.