Paragon, IN
Population 564 · Indiana
About Paragon, IN
Paragon is a small community located in Indiana with a population of 564 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 42.8 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 Paragon features a median home value of $90,700, which is 63% below the national median of $244,900. This makes Paragon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $979, 16% below the national average of $1,163/month. Of the 321 total housing units, 74% are owner-occupied (159 units) and 26% are renter-occupied (57 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Paragon shows an unemployment rate of 13.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.2%, above the national average of 12.4%. Workers in Paragon have an average one-way commute time of 27.1 minutes.
Education & Demographics
2.0% of Paragon 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 0.9% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Paragon, IN
Compared to national averages, Paragon has a median household income of $0 (100% below the national median of $75,149). Home values average $90,700, which is 63% below the national median. Monthly rent at $979 is 16% below the US average of $1,163. Within Indiana, Paragon's income is 100% below the state average of $69,330, and home values are 44% below the state median of $163,409.
Why Live in Paragon, IN?
Paragon offers affordable housing with a median home value of $90,700, below the US average of $244,900, and rent that’s lower than the national average at $979/month.
Potential considerations include median household income ($0) that falls below the national average. However, Paragon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Paragon has a population of 564 with a median age of 42.8 years. Compare Paragon with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Paragon
What is the population of Paragon, IN?
The population of Paragon, IN is 564 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 Paragon?
The median household income in Paragon, IN is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Paragon?
The median home value in Paragon, IN is $90,700, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Paragon?
The median monthly rent in Paragon, IN is $979, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Paragon?
The unemployment rate in Paragon, IN is 13.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Paragon, IN a good place to live?
Paragon offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 564 and a median age of 42.8, the city appeals to a broad range of residents.
How educated is Paragon, IN?
2.0% of residents in Paragon 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 Paragon?
Key cost-of-living indicators for Paragon, IN: median home value is $90,700 (63% below national), median rent is $979/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Paragon?
The poverty rate in Paragon, 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 Paragon, IN?
Paragon's population is 0.9% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.