Matthews town, Indiana Demographics & Population 2026
As of 2026, Matthews town, Indiana has a total population of 517, the 508th largest city in Indiana, with a median household income of $45,833, which is 35% lower than the state average. The poverty rate is 24.3%.
Key Takeaways
- Household income is 35% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
- Near full employment with an unemployment rate of just 1.2%.
Matthews town Quick Facts
How Matthews town Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Matthews town Rankings in Indiana
Explore Indiana Rankings
Cities Similar to Matthews town
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lake Village CDP | 533 | N/A | $152,700 | 22.1% | 27.0% |
| Bethel Village CDP | 545 | N/A | $155,400 | 8.0% | 0.0% |
| Town of Pines town | 524 | $51,944 | $139,000 | 16.2% | 16.8% |
| New Salisbury CDP | 518 | $53,711 | $202,400 | 16.7% | 24.7% |
| Troy town | 539 | $50,000 | $95,600 | 15.4% | 8.0% |
Population Overview
Matthews town is a small community located in Indiana. The total population is 517. It ranks as the 508th most populous out of 967 cities and towns in Indiana.
Age Demographics
The median age in Matthews town is 46.1 years. This is 21% higher than the state median of 38.0 years.
Economy, Income & Housing
The median household income in Matthews town is $45,833. This is 35% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 42% lower. The poverty rate stands at 24.3%. This is 99% 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 1.2%. This is 73% lower than the state rate of 4.3%. The median home value is $77,000. Housing costs are 62% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.7x, Matthews town is one of the most affordable housing markets in the area. 72.3% of occupied housing units are owner-occupied. This homeownership rate is 3% higher than the state average of 70.3%.
Race & Ethnicity
Matthews town has a predominantly White (non-Hispanic) population, comprising 85.1% of all residents. Hispanic or Latino residents account for 7.5%.
Education
10.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 64% 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 85.5%.
Data Sources & Methodology
All demographic data for Matthews 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 Matthews town, Indiana?
Matthews town, Indiana has a population of 517 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Matthews town, IN?
The median household income in Matthews town is $45,833, which is 42% lower the national median of $78,538.
What is the poverty rate in Matthews town, IN?
The poverty rate in Matthews town is 24.3%. This means approximately 125 residents live below the federal poverty line.
What is the racial makeup of Matthews town, Indiana?
Matthews town's population is 85.1% White, 0.0% Black, 7.5% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Matthews town, IN?
The median home value in Matthews town is $77,000. The home-value-to-income ratio is 1.7x.
How educated is Matthews town, Indiana?
10.4% of adults (25+) in Matthews town hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.