Wolcott, IN
Population 1,044 · Indiana
About Wolcott, IN
Wolcott is a small town located in Indiana with a population of 1,044 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,938 per year, which is 6% below the national median of $75,149. The median age of 38.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Wolcott features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Wolcott one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $875, 25% below the national average of $1,163/month. Of the 436 total housing units, 80% are owner-occupied (329 units) and 20% are renter-occupied (80 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wolcott shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Wolcott have an average one-way commute time of 19.8 minutes, one of the shorter commutes in the region.
Education & Demographics
13.1% of Wolcott 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 5.5% White, 0.5% Hispanic or Latino, 0.5% Black or African American, and 1.8% Asian residents, with 3.5% of the population being foreign-born.
Cost of Living in Wolcott, IN
Compared to national averages, Wolcott has a median household income of $70,938 (6% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $875 is 25% below the US average of $1,163. Within Indiana, Wolcott's income is 2% above the state average of $69,330, and home values are 31% below the state median of $163,409.
Why Live in Wolcott, IN?
Wolcott offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $875/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features a low poverty rate of 9.1%, better than the national average, and short commute times averaging just 19.8 minutes.
Potential considerations include median household income ($70,938) that falls below the national average. However, Wolcott’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wolcott has a population of 1,044 with a median age of 38.6 years. Compare Wolcott with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Wolcott
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dayton | 1,049 | $74,417 | $169,500 | Compare |
| Lake Santee | 1,051 | $135,804 | $226,500 | Compare |
| Topeka | 1,037 | $62,857 | $138,900 | Compare |
| Seelyville | 1,052 | $52,031 | $139,100 | Compare |
| Akron | 1,061 | $59,479 | $136,900 | Compare |
| Shirley | 1,026 | $66,429 | $103,700 | Compare |
| English | 1,025 | $34,250 | $86,300 | Compare |
| Bass Lake | 1,067 | $71,714 | $233,900 | 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 Wolcott With Other Cities
Frequently Asked Questions about Wolcott
What is the population of Wolcott, IN?
The population of Wolcott, IN is 1,044 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 Wolcott?
The median household income in Wolcott, IN is $70,938 per year, which is 6% below the national median of $75,149.
What is the median home value in Wolcott?
The median home value in Wolcott, IN is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wolcott?
The median monthly rent in Wolcott, IN is $875, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Wolcott?
The unemployment rate in Wolcott, IN is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Wolcott, IN a good place to live?
Wolcott offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,044 and a median age of 38.6, the city appeals to a broad range of residents.
How educated is Wolcott, IN?
13.1% of residents in Wolcott 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 Wolcott?
Key cost-of-living indicators for Wolcott, IN: median home value is $112,500 (54% below national), median rent is $875/month, and median household income is $70,938. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wolcott?
The poverty rate in Wolcott, IN is 9.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Wolcott, IN?
Wolcott's population is 5.5% White, 0.5% Hispanic or Latino, 0.5% Black or African American, 1.8% Asian, and 5.6% two or more races. 3.5% of residents are foreign-born.