Romney, IN
Population 561 · Indiana
About Romney, IN
Romney is a small community in Indiana with a population of 561 residents. The median household income is $61,133 per year, which is near the national average. The median age in Romney is 37.4 years.
Housing in Romney has a median home value of $155,300 and median monthly rent of $0. Of the 211 total housing units, the majority are owner-occupied, with 166 owner-occupied and 11 renter-occupied units.
The unemployment rate in Romney is 10.1% and the poverty rate is 0.0%. 31.0% of residents hold a bachelor's degree or higher. The average commute time is 31.4 minutes.
Cost of Living in Romney, IN
Compared to national averages, Romney has a median household income of $61,133 (19% below the national median of $75,149). Home values average $155,300, which is 37% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Romney's income is 12% below the state average of $69,330, and home values are 5% below the state median of $163,409.
Why Live in Romney, IN?
Romney offers affordable housing with a median home value of $155,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 0.0%, better than the national average.
Potential considerations include median household income ($61,133) that falls below the national average. However, Romney’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Romney has a population of 561 with a median age of 37.4 years. Compare Romney with other cities to see how it stacks up, or explore all cities in Indiana.
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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 Romney
What is the population of Romney, IN?
The population of Romney, IN is 561 according to the latest Census data.
What is the median household income in Romney?
The median household income in Romney, IN is $61,133 per year.
What is the median home value in Romney?
The median home value in Romney, IN is $155,300.
What is the average rent in Romney?
The median monthly rent in Romney, IN is $0.
What is the unemployment rate in Romney?
The unemployment rate in Romney, IN is 10.1%.