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Cromwell town, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 2.3x is exceptionally low

As of 2026, Cromwell town, Indiana has a total population of 703, the 438th largest city in Indiana, with a median household income of $48,500, which is 31% lower than the state average. The poverty rate is 24.1%.

Key Takeaways

Cromwell town Quick Facts

Population 703
Median Household Income $48,500
Median Home Value $111,800
Poverty Rate 24.1%
Unemployment Rate 12.3%
Median Age 27.8 years
Homeownership Rate 36.7%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 10.5%
High School Graduation Rate 80.2%
Diversity Index 49/100
Population 703 438th of 967
Median Income $48,500 bottom 20%
Poverty Rate 24.1% 94% higher national
Median Home Value $111,800 below average

How Cromwell town Compares

Economy & Housing

Employment

12.3% Unemployment Rate State: 4.3% | National: 5.2%
73.5% Labor Force Participation

Housing Overview

Owner 36.7%
Renter 63.3%
Affordability Index Very Affordable
2.3x home value to income ratio

People & Demographics

Diversity Index

49out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 40 | National average: 60

Education

Cromwell town Rankings in Indiana

#438 Population of 967
#666 Median Income of 967
#611 Education of 967
#535 Home Value of 967

Cities Similar to Cromwell town

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Boswell town703$49,091$92,40010.9%32.9%
Gaston town709$49,417$87,30015.0%14.9%
Clarks Hill town706$45,875$98,2006.8%16.9%
Fountain City town718$46,106$96,90013.6%15.8%
Mount Summit town742N/A$211,00018.5%8.8%

Population Overview

Cromwell town is a small community located in Indiana. The total population is 703. It ranks as the 438th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Cromwell town is 27.8 years. This is 27% lower than the state median of 38.0 years. With 36.7% of the population under 18, Cromwell town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Cromwell town is $48,500. This is 31% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 38% lower. The poverty rate stands at 24.1%. This is 98% higher than the state poverty rate of 12.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 12.3%. This is 186% higher than the state rate of 4.3%. The median home value is $111,800. Housing costs are 45% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.3x, Cromwell town is one of the most affordable housing markets in the area. 36.7% of occupied housing units are owner-occupied. This homeownership rate is 48% lower than the state average of 70.3%.

Race & Ethnicity

The largest racial or ethnic group in Cromwell town is White (non-Hispanic), making up 58.5% of the population. Hispanic or Latino residents account for 41.1%. The Hispanic or Latino population is significantly higher than the state average (41.1% vs 8.4%).

Education

10.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 63% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 80.2%.

Data Sources & Methodology

All demographic data for Cromwell town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Cromwell town, Indiana?

Cromwell town, Indiana has a population of 703 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Cromwell town, IN?

The median household income in Cromwell town is $48,500, which is 38% lower the national median of $78,538.

What is the poverty rate in Cromwell town, IN?

The poverty rate in Cromwell town is 24.1%. This means approximately 169 residents live below the federal poverty line.

What is the racial makeup of Cromwell town, Indiana?

Cromwell town's population is 58.5% White, 0.0% Black, 41.1% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Cromwell town, IN?

The median home value in Cromwell town is $111,800. The home-value-to-income ratio is 2.3x.

How educated is Cromwell town, Indiana?

10.5% of adults (25+) in Cromwell town hold a bachelor's degree or higher, and 1.5% hold a graduate or professional degree.