Shoals, IN
Population 700 · Indiana
About Shoals, IN
Shoals is a small community in Indiana with a population of 700 residents. The median household income is $43,304 per year, which is below the national average. The median age in Shoals is 48.6 years.
Housing in Shoals has a median home value of $114,300 and median monthly rent of $500. Of the 379 total housing units, the majority are owner-occupied, with 210 owner-occupied and 127 renter-occupied units.
The unemployment rate in Shoals is 0.0% and the poverty rate is 22.1%. 12.8% of residents hold a bachelor's degree or higher. The average commute time is 23.1 minutes.
How Shoals Ranks in Indiana
Cost of Living in Shoals, IN
Compared to national averages, Shoals has a median household income of $43,304 (42% below the national median of $75,149). Home values average $114,300, which is 53% below the national median. Monthly rent at $500 is 57% below the US average of $1,163. Within Indiana, Shoals's income is 38% below the state average of $69,330, and home values are 30% below the state median of $163,409.
Why Live in Shoals, IN?
Shoals offers affordable housing with a median home value of $114,300, below the US average of $244,900, and rent that’s lower than the national average at $500/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 23.1 minutes.
Potential considerations include median household income ($43,304) that falls below the national average. However, Shoals’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shoals has a population of 700 with a median age of 48.6 years. Compare Shoals with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Shoals
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Boswell | 703 | $49,091 | $92,400 | Compare |
| Cromwell | 703 | $48,500 | $111,800 | Compare |
| Clarks Hill | 706 | $45,875 | $98,200 | Compare |
| Nineveh | 694 | $73,750 | $181,400 | Compare |
| Windfall City | 693 | $61,375 | $94,300 | Compare |
| Harmony | 708 | $53,650 | $115,100 | Compare |
| Gaston | 709 | $49,417 | $87,300 | Compare |
| Fountain City | 718 | $46,106 | $96,900 | 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.
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Frequently Asked Questions about Shoals
What is the population of Shoals, IN?
The population of Shoals, IN is 700 according to the latest Census data.
What is the median household income in Shoals?
The median household income in Shoals, IN is $43,304 per year.
What is the median home value in Shoals?
The median home value in Shoals, IN is $114,300.
What is the average rent in Shoals?
The median monthly rent in Shoals, IN is $500.
What is the unemployment rate in Shoals?
The unemployment rate in Shoals, IN is 0.0%.