Roanoke, IN
Population 1,819 · Indiana
About Roanoke, IN
Roanoke is a small town located in Indiana with a population of 1,819 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,880 per year, which is 3% below the national median of $75,149. The median age of 39.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Roanoke features a median home value of $168,600, which is 31% below the national median of $244,900. This positions Roanoke in a moderately priced market relative to the rest of the country. Median monthly rent is $790, 32% below the national average of $1,163/month. Of the 902 total housing units, 83% are owner-occupied (690 units) and 17% are renter-occupied (141 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Roanoke shows an unemployment rate of 4.9%, which is near the national rate of 3.7%. The poverty rate stands at 8.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Roanoke have an average one-way commute time of 28.7 minutes.
Education & Demographics
25.5% of Roanoke residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Roanoke, IN
Compared to national averages, Roanoke has a median household income of $72,880 (3% below the national median of $75,149). Home values average $168,600, which is 31% below the national median. Monthly rent at $790 is 32% below the US average of $1,163. Within Indiana, Roanoke's income is 5% above the state average of $69,330, and home values are 3% above the state median of $163,409.
Why Live in Roanoke, IN?
Roanoke offers affordable housing with a median home value of $168,600, below the US average of $244,900, and rent that’s lower than the national average at $790/month, and a low poverty rate of 8.1%, better than the national average.
Potential considerations include median household income ($72,880) that falls below the national average. However, Roanoke’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Roanoke has a population of 1,819 with a median age of 39.6 years. Compare Roanoke with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Roanoke
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Argos | 1,822 | $60,214 | $128,100 | Compare |
| Bourbon | 1,816 | $71,375 | $156,800 | Compare |
| Dillsboro | 1,809 | $46,591 | $137,700 | Compare |
| Ardmore | 1,807 | $45,709 | $113,300 | Compare |
| Henryville | 1,804 | $77,440 | $190,200 | Compare |
| North Liberty | 1,838 | $61,143 | $157,100 | Compare |
| French Lick | 1,790 | $54,412 | $79,600 | Compare |
| Frankton | 1,789 | $64,500 | $120,200 | 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 Roanoke With Other Cities
Frequently Asked Questions about Roanoke
What is the population of Roanoke, IN?
The population of Roanoke, IN is 1,819 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 Roanoke?
The median household income in Roanoke, IN is $72,880 per year, which is 3% below the national median of $75,149.
What is the median home value in Roanoke?
The median home value in Roanoke, IN is $168,600, which is 31% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Roanoke?
The median monthly rent in Roanoke, IN is $790, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Roanoke?
The unemployment rate in Roanoke, IN is 4.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Roanoke, IN a good place to live?
Roanoke offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,819 and a median age of 39.6, the city appeals to a broad range of residents.
How educated is Roanoke, IN?
25.5% of residents in Roanoke 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 Roanoke?
Key cost-of-living indicators for Roanoke, IN: median home value is $168,600 (31% below national), median rent is $790/month, and median household income is $72,880. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Roanoke?
The poverty rate in Roanoke, IN is 8.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Roanoke, IN?
Roanoke's population is 2.0% White, 2.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 0.7% of residents are foreign-born.