Thayer, IN
Population 447 · Indiana
About Thayer, IN
Thayer is a small community located in Indiana with a population of 447 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,391 per year, which is 40% below the national median of $75,149. The median age of 56.3 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 Thayer features a median home value of $150,700, which is 38% below the national median of $244,900. This positions Thayer in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 195 total housing units, 88% are owner-occupied (172 units) and 12% are renter-occupied (23 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thayer shows an unemployment rate of 27.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 35.8%, above the national average of 12.4%. Workers in Thayer have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
5.8% of Thayer 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 2.7% White, 5.8% Hispanic or Latino, 0.0% Black or African American, and 4.0% Asian residents, with 10.7% of the population being foreign-born.
Cost of Living in Thayer, IN
Compared to national averages, Thayer has a median household income of $45,391 (40% below the national median of $75,149). Home values average $150,700, which is 38% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Thayer's income is 35% below the state average of $69,330, and home values are 8% below the state median of $163,409.
Why Live in Thayer, IN?
Thayer offers affordable housing with a median home value of $150,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($45,391) that falls below the national average. However, Thayer’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Thayer has a population of 447 with a median age of 56.3 years. Compare Thayer with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Thayer
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Altona | 447 | $64,232 | $111,800 | Compare |
| Bruceville | 445 | $52,750 | $86,900 | Compare |
| Lake Holiday Hideaway | 445 | $68,191 | $97,600 | Compare |
| Prairieton | 449 | $0 | $374,100 | Compare |
| Center Point | 442 | $92,604 | $96,200 | Compare |
| Hatfield | 442 | $77,857 | $128,000 | Compare |
| Chrisney | 441 | $62,500 | $96,100 | Compare |
| New Richmond | 441 | $80,104 | $81,500 | 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 Thayer With Other Cities
Frequently Asked Questions about Thayer
What is the population of Thayer, IN?
The population of Thayer, IN is 447 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 Thayer?
The median household income in Thayer, IN is $45,391 per year, which is 40% below the national median of $75,149.
What is the median home value in Thayer?
The median home value in Thayer, IN is $150,700, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thayer?
The median monthly rent in Thayer, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Thayer?
The unemployment rate in Thayer, IN is 27.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Thayer, IN a good place to live?
Thayer offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 447 and a median age of 56.3, the city appeals to established professionals and retirees.
How educated is Thayer, IN?
5.8% of residents in Thayer 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 Thayer?
Key cost-of-living indicators for Thayer, IN: median home value is $150,700 (38% below national), median rent is $0/month, and median household income is $45,391. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Thayer?
The poverty rate in Thayer, IN is 35.8%, 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 Thayer, IN?
Thayer's population is 2.7% White, 5.8% Hispanic or Latino, 0.0% Black or African American, 4.0% Asian, and 0.0% two or more races. 10.7% of residents are foreign-born.