Trafalgar, IN
Population 1,433 · Indiana
About Trafalgar, IN
Trafalgar is a small town located in Indiana with a population of 1,433 residents according to the latest US Census Bureau American Community Survey data. The median household income is $83,214 per year, which is 11% above the national median of $75,149. The median age of 37.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Trafalgar features a median home value of $216,400, which is 12% below the national median of $244,900. This positions Trafalgar in a moderately priced market relative to the rest of the country. Median monthly rent is $1,000, 14% below the national average of $1,163/month. Of the 574 total housing units, 78% are owner-occupied (419 units) and 22% are renter-occupied (121 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Trafalgar shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Trafalgar have an average one-way commute time of 35.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
24.4% of Trafalgar 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 0.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Trafalgar, IN
Compared to national averages, Trafalgar has a median household income of $83,214 (11% above the national median of $75,149). Home values average $216,400, which is 12% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Indiana, Trafalgar's income is 20% above the state average of $69,330, and home values are 32% above the state median of $163,409.
Why Live in Trafalgar, IN?
Trafalgar offers a strong local economy with a median household income of $83,214, well above the national average, and affordable housing with a median home value of $216,400, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month. Additionally, the city features a low poverty rate of 6.2%, better than the national average.
Trafalgar has a population of 1,433 with a median age of 37.7 years. Compare Trafalgar with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Trafalgar
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Darmstadt | 1,428 | $96,458 | $293,200 | Compare |
| Fairview Park | 1,426 | $58,929 | $109,300 | Compare |
| Montpelier | 1,444 | $42,833 | $77,100 | Compare |
| Lake Dalecarlia | 1,421 | $115,588 | $313,200 | Compare |
| Nashville | 1,420 | $48,750 | $246,700 | Compare |
| Redkey | 1,451 | $40,667 | $78,300 | Compare |
| Otterbein | 1,414 | $63,676 | $137,400 | Compare |
| South Whitley | 1,412 | $59,191 | $130,300 | 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 Trafalgar With Other Cities
Frequently Asked Questions about Trafalgar
What is the population of Trafalgar, IN?
The population of Trafalgar, IN is 1,433 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 Trafalgar?
The median household income in Trafalgar, IN is $83,214 per year, which is 11% above the national median of $75,149.
What is the median home value in Trafalgar?
The median home value in Trafalgar, IN is $216,400, which is 12% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Trafalgar?
The median monthly rent in Trafalgar, IN is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Trafalgar?
The unemployment rate in Trafalgar, IN is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Trafalgar, IN a good place to live?
Trafalgar offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,433 and a median age of 37.7, the city appeals to a broad range of residents.
How educated is Trafalgar, IN?
24.4% of residents in Trafalgar 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 Trafalgar?
Key cost-of-living indicators for Trafalgar, IN: median home value is $216,400 (12% below national), median rent is $1,000/month, and median household income is $83,214. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Trafalgar?
The poverty rate in Trafalgar, IN is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Trafalgar, IN?
Trafalgar's population is 0.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.3% two or more races. 1.5% of residents are foreign-born.