Paoli, IN
Population 3,274 · Indiana
About Paoli, IN
Paoli is a small town located in Indiana with a population of 3,274 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,926 per year, which is 39% below the national median of $75,149. The median age of 36.3 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Paoli features a median home value of $134,300, which is 45% below the national median of $244,900. This makes Paoli one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $827, 29% below the national average of $1,163/month. Of the 1,571 total housing units, 62% are owner-occupied (806 units) and 38% are renter-occupied (495 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Paoli shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 21.5%, above the national average of 12.4%. Workers in Paoli have an average one-way commute time of 22.9 minutes.
Education & Demographics
13.2% of Paoli 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 2.6% White, 4.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Paoli, IN
Compared to national averages, Paoli has a median household income of $45,926 (39% below the national median of $75,149). Home values average $134,300, which is 45% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Indiana, Paoli's income is 34% below the state average of $69,330, and home values are 18% below the state median of $163,409.
Why Live in Paoli, IN?
Paoli offers affordable housing with a median home value of $134,300, below the US average of $244,900, and rent that’s lower than the national average at $827/month, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($45,926) that falls below the national average. However, Paoli’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paoli has a population of 3,274 with a median age of 36.3 years. Compare Paoli with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Paoli
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Syracuse | 3,232 | $63,894 | $173,800 | Compare |
| Roselawn | 3,231 | $80,061 | $185,200 | Compare |
| Smithville-Sanders | 3,228 | $72,331 | $256,900 | Compare |
| Attica | 3,221 | $66,081 | $116,300 | Compare |
| Country Squire Lakes | 3,211 | $56,806 | $28,600 | Compare |
| Ossian | 3,342 | $67,641 | $184,000 | Compare |
| Sheridan | 3,355 | $65,104 | $177,200 | Compare |
| Newburgh | 3,370 | $72,431 | $216,300 | 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 Paoli With Other Cities
Frequently Asked Questions about Paoli
What is the population of Paoli, IN?
The population of Paoli, IN is 3,274 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 Paoli?
The median household income in Paoli, IN is $45,926 per year, which is 39% below the national median of $75,149.
What is the median home value in Paoli?
The median home value in Paoli, IN is $134,300, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paoli?
The median monthly rent in Paoli, IN is $827, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Paoli?
The unemployment rate in Paoli, IN is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Paoli, IN a good place to live?
Paoli offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,274 and a median age of 36.3, the city appeals to a broad range of residents.
How educated is Paoli, IN?
13.2% of residents in Paoli 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 Paoli?
Key cost-of-living indicators for Paoli, IN: median home value is $134,300 (45% below national), median rent is $827/month, and median household income is $45,926. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Paoli?
The poverty rate in Paoli, IN is 21.5%, 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 Paoli, IN?
Paoli's population is 2.6% White, 4.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.3% two or more races. 1.0% of residents are foreign-born.