Wabash, IN
Population 10,378 · Indiana
About Wabash, IN
Wabash is a mid-sized city located in Indiana with a population of 10,378 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,199 per year, which is 28% below the national median of $75,149. The median age of 42.2 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 Wabash features a median home value of $115,000, which is 53% below the national median of $244,900. This makes Wabash one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $677, 42% below the national average of $1,163/month. Of the 5,006 total housing units, 71% are owner-occupied (3,207 units) and 29% are renter-occupied (1,315 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wabash shows an unemployment rate of 5.1%, which is near the national rate of 3.7%. The poverty rate stands at 12.5%, above the national average of 12.4%. Workers in Wabash have an average one-way commute time of 17.1 minutes, one of the shorter commutes in the region.
Education & Demographics
21.9% of Wabash 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 1.5% White, 0.7% Hispanic or Latino, 2.0% Black or African American, and 1.2% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Wabash, IN
Compared to national averages, Wabash has a median household income of $54,199 (28% below the national median of $75,149). Home values average $115,000, which is 53% below the national median. Monthly rent at $677 is 42% below the US average of $1,163. Within Indiana, Wabash's income is 22% below the state average of $69,330, and home values are 30% below the state median of $163,409.
Why Live in Wabash, IN?
Wabash offers affordable housing with a median home value of $115,000, below the US average of $244,900, and rent that’s lower than the national average at $677/month, and short commute times averaging just 17.1 minutes.
Potential considerations include median household income ($54,199) that falls below the national average. However, Wabash’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wabash has a population of 10,378 with a median age of 42.2 years. Compare Wabash with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Wabash
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Plymouth | 10,506 | $53,115 | $122,200 | Compare |
| Bluffton | 10,539 | $57,929 | $136,800 | Compare |
| Sellersburg | 10,215 | $69,851 | $213,300 | Compare |
| Bargersville | 10,163 | $104,160 | $405,100 | Compare |
| Kendallville | 10,094 | $60,909 | $130,600 | Compare |
| Columbia City | 9,975 | $65,000 | $184,300 | Compare |
| Peru | 10,835 | $46,180 | $84,000 | Compare |
| Greencastle | 9,863 | $54,217 | $154,000 | 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 Wabash With Other Cities
Frequently Asked Questions about Wabash
What is the population of Wabash, IN?
The population of Wabash, IN is 10,378 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Indiana.
What is the median household income in Wabash?
The median household income in Wabash, IN is $54,199 per year, which is 28% below the national median of $75,149.
What is the median home value in Wabash?
The median home value in Wabash, IN is $115,000, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wabash?
The median monthly rent in Wabash, IN is $677, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Wabash?
The unemployment rate in Wabash, IN is 5.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wabash, IN a good place to live?
Wabash offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 10,378 and a median age of 42.2, the city appeals to a broad range of residents.
How educated is Wabash, IN?
21.9% of residents in Wabash 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 Wabash?
Key cost-of-living indicators for Wabash, IN: median home value is $115,000 (53% below national), median rent is $677/month, and median household income is $54,199. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wabash?
The poverty rate in Wabash, IN is 12.5%, 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 Wabash, IN?
Wabash's population is 1.5% White, 0.7% Hispanic or Latino, 2.0% Black or African American, 1.2% Asian, and 0.2% two or more races. 1.4% of residents are foreign-born.