Vernon, IN
Population 224 · Indiana
About Vernon, IN
Vernon is a small community located in Indiana with a population of 224 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,188 per year, which is 11% below the national median of $75,149. The median age of 46.2 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 Vernon features a median home value of $82,500, which is 66% below the national median of $244,900. This makes Vernon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $688, 41% below the national average of $1,163/month. Of the 127 total housing units, 77% are owner-occupied (81 units) and 23% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Vernon shows an unemployment rate of 1.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Vernon have an average one-way commute time of 17.5 minutes, one of the shorter commutes in the region.
Education & Demographics
21.7% of Vernon 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, 1.3% Hispanic or Latino, 0.0% Black or African American, and 5.8% Asian residents, with 6.3% of the population being foreign-born.
Cost of Living in Vernon, IN
Compared to national averages, Vernon has a median household income of $67,188 (11% below the national median of $75,149). Home values average $82,500, which is 66% below the national median. Monthly rent at $688 is 41% below the US average of $1,163. Within Indiana, Vernon's income is 3% below the state average of $69,330, and home values are 50% below the state median of $163,409.
Why Live in Vernon, IN?
Vernon offers affordable housing with a median home value of $82,500, below the US average of $244,900, and rent that’s lower than the national average at $688/month, and a strong job market with an unemployment rate of just 1.6%. Additionally, the city features a low poverty rate of 5.8%, better than the national average, and short commute times averaging just 17.5 minutes.
Potential considerations include median household income ($67,188) that falls below the national average. However, Vernon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Vernon has a population of 224 with a median age of 46.2 years. Compare Vernon with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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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 Vernon
What is the population of Vernon, IN?
The population of Vernon, IN is 224 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 Vernon?
The median household income in Vernon, IN is $67,188 per year, which is 11% below the national median of $75,149.
What is the median home value in Vernon?
The median home value in Vernon, IN is $82,500, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Vernon?
The median monthly rent in Vernon, IN is $688, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Vernon?
The unemployment rate in Vernon, IN is 1.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Vernon, IN a good place to live?
Vernon offers a moderate cost of living, affordable housing, and a strong job market. With a population of 224 and a median age of 46.2, the city appeals to established professionals and retirees.
How educated is Vernon, IN?
21.7% of residents in Vernon 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 Vernon?
Key cost-of-living indicators for Vernon, IN: median home value is $82,500 (66% below national), median rent is $688/month, and median household income is $67,188. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Vernon?
The poverty rate in Vernon, IN is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Vernon, IN?
Vernon's population is 0.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 5.8% Asian, and 0.0% two or more races. 6.3% of residents are foreign-born.