Wakarusa, IN
Population 2,519 · Indiana
About Wakarusa, IN
Wakarusa is a small town located in Indiana with a population of 2,519 residents according to the latest US Census Bureau American Community Survey data. The median household income is $76,008 per year, which is 1% above the national median of $75,149. The median age of 37.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wakarusa features a median home value of $202,400, which is 17% below the national median of $244,900. This positions Wakarusa in a moderately priced market relative to the rest of the country. Median monthly rent is $1,214, 4% above the national average of $1,163/month. Of the 866 total housing units, 88% are owner-occupied (661 units) and 12% are renter-occupied (94 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wakarusa shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wakarusa have an average one-way commute time of 29.1 minutes.
Education & Demographics
26.2% of Wakarusa 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 7.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 1.3% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Wakarusa, IN
Compared to national averages, Wakarusa has a median household income of $76,008 (1% above the national median of $75,149). Home values average $202,400, which is 17% below the national median. Monthly rent at $1,214 is 4% above the US average of $1,163. Within Indiana, Wakarusa's income is 10% above the state average of $69,330, and home values are 24% above the state median of $163,409.
Why Live in Wakarusa, IN?
Wakarusa offers a strong local economy with a median household income of $76,008, well above the national average, and affordable housing with a median home value of $202,400, below the US average of $244,900, and a low poverty rate of 9.5%, better than the national average.
Wakarusa has a population of 2,519 with a median age of 37.2 years. Compare Wakarusa with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Wakarusa
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rockville | 2,551 | $48,125 | $97,800 | Compare |
| Lapel | 2,568 | $77,563 | $201,900 | Compare |
| Rising Sun | 2,570 | $54,821 | $141,500 | Compare |
| Fairmount | 2,575 | $45,163 | $96,700 | Compare |
| Osceola | 2,583 | $63,063 | $178,300 | Compare |
| Ingalls | 2,453 | $72,330 | $161,000 | Compare |
| Winamac | 2,445 | $43,571 | $112,000 | Compare |
| Bloomfield | 2,440 | $51,144 | $108,700 | 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 Wakarusa With Other Cities
Frequently Asked Questions about Wakarusa
What is the population of Wakarusa, IN?
The population of Wakarusa, IN is 2,519 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 Wakarusa?
The median household income in Wakarusa, IN is $76,008 per year, which is 1% above the national median of $75,149.
What is the median home value in Wakarusa?
The median home value in Wakarusa, IN is $202,400, which is 17% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wakarusa?
The median monthly rent in Wakarusa, IN is $1,214, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Wakarusa?
The unemployment rate in Wakarusa, IN is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wakarusa, IN a good place to live?
Wakarusa offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,519 and a median age of 37.2, the city appeals to a broad range of residents.
How educated is Wakarusa, IN?
26.2% of residents in Wakarusa 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 Wakarusa?
Key cost-of-living indicators for Wakarusa, IN: median home value is $202,400 (17% below national), median rent is $1,214/month, and median household income is $76,008. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wakarusa?
The poverty rate in Wakarusa, IN is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wakarusa, IN?
Wakarusa's population is 7.1% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 1.3% Asian, and 1.7% two or more races. 2.2% of residents are foreign-born.