Riley, IN
Population 479 · Indiana
About Riley, IN
Riley is a small community located in Indiana with a population of 479 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,813 per year, which is 3% below the national median of $75,149. The median age of 34.3 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 Riley features a median home value of $92,700, which is 62% below the national median of $244,900. This makes Riley one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $921, 21% below the national average of $1,163/month. Of the 191 total housing units, 70% are owner-occupied (121 units) and 30% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Riley shows an unemployment rate of 21.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 27.2%, above the national average of 12.4%. Workers in Riley have an average one-way commute time of 22.1 minutes.
Education & Demographics
15.5% of Riley 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 0.0% White, 1.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.4% of the population being foreign-born.
Cost of Living in Riley, IN
Compared to national averages, Riley has a median household income of $72,813 (3% below the national median of $75,149). Home values average $92,700, which is 62% below the national median. Monthly rent at $921 is 21% below the US average of $1,163. Within Indiana, Riley's income is 5% above the state average of $69,330, and home values are 43% below the state median of $163,409.
Why Live in Riley, IN?
Riley offers affordable housing with a median home value of $92,700, below the US average of $244,900, and rent that’s lower than the national average at $921/month, and short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($72,813) that falls below the national average. However, Riley’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Riley has a population of 479 with a median age of 34.3 years. Compare Riley with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Riley
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ramsey | 478 | $79,559 | $181,800 | Compare |
| Van Bibber Lake | 483 | $32,195 | $0 | Compare |
| Laurel | 474 | $24,663 | $76,100 | Compare |
| Williamsburg | 473 | $87,273 | $87,300 | Compare |
| Elnora | 487 | $48,750 | $90,500 | Compare |
| Michigantown | 470 | $73,214 | $125,000 | Compare |
| San Pierre | 489 | $62,750 | $190,800 | Compare |
| Hanna | 490 | $37,625 | $168,000 | 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 Riley With Other Cities
Frequently Asked Questions about Riley
What is the population of Riley, IN?
The population of Riley, IN is 479 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 Riley?
The median household income in Riley, IN is $72,813 per year, which is 3% below the national median of $75,149.
What is the median home value in Riley?
The median home value in Riley, IN is $92,700, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Riley?
The median monthly rent in Riley, IN is $921, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Riley?
The unemployment rate in Riley, IN is 21.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Riley, IN a good place to live?
Riley offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 479 and a median age of 34.3, the city appeals to young professionals and families.
How educated is Riley, IN?
15.5% of residents in Riley 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 Riley?
Key cost-of-living indicators for Riley, IN: median home value is $92,700 (62% below national), median rent is $921/month, and median household income is $72,813. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Riley?
The poverty rate in Riley, IN is 27.2%, 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 Riley, IN?
Riley's population is 0.0% White, 1.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.4% of residents are foreign-born.