Palestine, IN
Population 925 · Indiana
About Palestine, IN
Palestine is a small community located in Indiana with a population of 925 residents according to the latest US Census Bureau American Community Survey data. The median household income is $89,924 per year, which is 20% above the national median of $75,149. The median age of 30.4 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 Palestine features a median home value of $134,900, which is 45% below the national median of $244,900. This makes Palestine one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,086, 7% below the national average of $1,163/month. Of the 337 total housing units, 82% are owner-occupied (245 units) and 18% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palestine shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palestine have an average one-way commute time of 25.1 minutes.
Education & Demographics
2.9% of Palestine 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 3.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Palestine, IN
Compared to national averages, Palestine has a median household income of $89,924 (20% above the national median of $75,149). Home values average $134,900, which is 45% below the national median. Monthly rent at $1,086 is 7% below the US average of $1,163. Within Indiana, Palestine's income is 30% above the state average of $69,330, and home values are 17% below the state median of $163,409.
Why Live in Palestine, IN?
Palestine offers a strong local economy with a median household income of $89,924, well above the national average, and affordable housing with a median home value of $134,900, below the US average of $244,900, and rent that’s lower than the national average at $1,086/month. Additionally, the city features a low poverty rate of 4.4%, better than the national average.
Palestine has a population of 925 with a median age of 30.4 years. Compare Palestine with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Palestine
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Colfax | 926 | $61,964 | $114,300 | Compare |
| Goodland | 923 | $56,438 | $92,200 | Compare |
| Memphis | 928 | $116,852 | $233,600 | Compare |
| Gilmer Park | 929 | $61,184 | $142,600 | Compare |
| Converse | 912 | $54,167 | $101,700 | Compare |
| Hamlet | 910 | $68,750 | $109,300 | Compare |
| Shipshewana | 902 | $57,679 | $255,000 | Compare |
| Montezuma | 900 | $43,750 | $65,300 | 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 Palestine With Other Cities
Frequently Asked Questions about Palestine
What is the population of Palestine, IN?
The population of Palestine, IN is 925 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 Palestine?
The median household income in Palestine, IN is $89,924 per year, which is 20% above the national median of $75,149.
What is the median home value in Palestine?
The median home value in Palestine, IN is $134,900, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palestine?
The median monthly rent in Palestine, IN is $1,086, which is 7% below the national average of $1,163/month.
What is the unemployment rate in Palestine?
The unemployment rate in Palestine, IN is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Palestine, IN a good place to live?
Palestine offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 925 and a median age of 30.4, the city appeals to young professionals and families.
How educated is Palestine, IN?
2.9% of residents in Palestine 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 Palestine?
Key cost-of-living indicators for Palestine, IN: median home value is $134,900 (45% below national), median rent is $1,086/month, and median household income is $89,924. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Palestine?
The poverty rate in Palestine, IN is 4.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palestine, IN?
Palestine's population is 3.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.4% two or more races. 1.2% of residents are foreign-born.