Matthews, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Matthews, Indiana had a total population of 501, the 509th largest town in Indiana, with a median household income of $50,048, which is 30% lower than the state average. The poverty rate is 15.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 30% below the state average, indicating significant economic challenges.
- Only 8.8% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
Matthews Quick Facts
How Matthews Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 517 | 501 | -3.1% |
| Median household income | $45,833 | $50,048 | +9.2% |
| Median home value | $77,000 | $80,100 | +4.0% |
How Matthews Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Matthews Rankings in Indiana
Explore Indiana Rankings
Other Cities in Grant County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marion | 27,531 | $43,343 | 29.6% | $85,300 |
| Gas City | 6,076 | $55,982 | 16.8% | $119,300 |
| Upland | 3,918 | $83,839 | 9.7% | $203,200 |
| Fairmount | 2,662 | $51,739 | 25.7% | $103,200 |
| Jonesboro | 1,578 | $45,833 | 16.3% | $79,500 |
| Sweetser | 1,061 | $80,625 | 11.8% | $153,400 |
| Swayzee | 846 | $65,391 | 10.8% | $121,000 |
| Converse | 813 | $65,536 | 18.9% | $103,800 |
| Van Buren | 782 | $47,692 | 19.7% | $69,800 |
| Herbst | 309 | $40,366 | 20.4% | N/A |
Cities Similar to Matthews
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Metamora | 491 | N/A | N/A | 0.0% | 0.0% |
| New Salisbury | 499 | $52,768 | $179,200 | 17.1% | 24.3% |
| Prairieton | 475 | N/A | $367,700 | 0.0% | 18.1% |
| Waveland | 475 | $52,292 | $108,600 | 11.4% | 18.5% |
| Lake Eliza | 545 | N/A | $173,000 | 5.6% | 10.3% |
A note before these figures: with a population of 501, Matthews's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Matthews is a small community located in Indiana, within Grant County. The total population is 501. It ranks as the 509th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Matthews is 45.1 years. This is 18% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Matthews is $50,048. This is 30% lower than the state median of $71,957. It is also 38% lower than the national median of $80,734. The poverty rate stands at 15.5%. This is 25% higher than the state poverty rate of 12.3%. The unemployment rate is 4.0%. This is 7% lower than the state rate of 4.3%. The median home value is $80,100. Housing costs are 63% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.6x, Matthews is one of the most affordable housing markets in the area. 76.5% of occupied housing units are owner-occupied. This homeownership rate is 8% higher than the state average of 70.5%.
Race & Ethnicity
Matthews has a predominantly White (non-Hispanic) population, comprising 89.8% of all residents.
Education
8.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 70% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%.
Data Sources & Methodology
All demographic data for Matthews, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Matthews, Indiana?
Matthews, Indiana has a population of 501 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Matthews, IN?
The median household income in Matthews is $50,048, which is 38% lower than the national median of $80,734.
What is the poverty rate in Matthews, IN?
The poverty rate in Matthews is 15.5%. This means approximately 77 residents live below the federal poverty line.
What is the racial makeup of Matthews, Indiana?
Matthews's population is 89.8% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Matthews, IN?
The median home value in Matthews is $80,100. The home-value-to-income ratio is 1.6x.
How educated is Matthews, Indiana?
8.8% of adults (25+) in Matthews hold a bachelor's degree or higher, and 0.8% hold a graduate or professional degree.