Talma, IN
Population 154 · Indiana
About Talma, IN
Talma is a small community located in Indiana with a population of 154 residents according to the latest US Census Bureau American Community Survey data. The median household income is $95,893 per year, which is 28% above the national median of $75,149. The median age of 43.1 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 Talma features a median home value of $72,100, which is 71% below the national median of $244,900. This makes Talma one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 37 total housing units, 79% are owner-occupied (23 units) and 21% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Talma shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Talma have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Talma 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Talma Ranks in Indiana
Cost of Living in Talma, IN
Compared to national averages, Talma has a median household income of $95,893 (28% above the national median of $75,149). Home values average $72,100, which is 71% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Talma's income is 38% above the state average of $69,330, and home values are 56% below the state median of $163,409.
Why Live in Talma, IN?
Talma offers a strong local economy with a median household income of $95,893, well above the national average, and affordable housing with a median home value of $72,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Talma has a population of 154 with a median age of 43.1 years. Compare Talma with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Talma
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blanford | 154 | $0 | $0 | Compare |
| Lake Everett | 154 | $120,455 | $161,100 | Compare |
| Cannelburg | 153 | $67,708 | $187,500 | Compare |
| Mount Etna | 155 | $55,500 | $80,000 | Compare |
| Onward | 155 | $59,107 | $0 | Compare |
| Fairview | 156 | $0 | $9,999 | Compare |
| Newtonville | 151 | $96,806 | $0 | Compare |
| Stone Bluff | 157 | $0 | $0 | 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 Talma With Other Cities
Frequently Asked Questions about Talma
What is the population of Talma, IN?
The population of Talma, IN is 154 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 Talma?
The median household income in Talma, IN is $95,893 per year, which is 28% above the national median of $75,149.
What is the median home value in Talma?
The median home value in Talma, IN is $72,100, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Talma?
The median monthly rent in Talma, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Talma?
The unemployment rate in Talma, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Talma, IN a good place to live?
Talma offers above-average incomes, affordable housing, and a strong job market. With a population of 154 and a median age of 43.1, the city appeals to a broad range of residents.
How educated is Talma, IN?
0.0% of residents in Talma 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 Talma?
Key cost-of-living indicators for Talma, IN: median home value is $72,100 (71% below national), median rent is $0/month, and median household income is $95,893. The home-value-to-income ratio is 0.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Talma?
The poverty rate in Talma, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Talma, IN?
Talma's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.