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Romney, Indiana Demographics & Population 2026

During the 2020–2024 ACS period, Romney, Indiana had a total population of 391, the 561st largest community in Indiana, with a median household income of $63,578, which is 12% lower than the state average. The poverty rate is 0.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Romney Quick Facts

Population 391
Median Household Income $63,578
Median Home Value $161,000
Poverty Rate 0.0%
Unemployment Rate 11.2%
Median Age 37.4 years
Homeownership Rate 91.9%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 23.6%
High School Graduation Rate 100.0%
Diversity Index 17/100
Population 391 561st of 967
Median Income $63,578 average
Poverty Rate 0.0%
Median Home Value $161,000 average

How Romney Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population561391-30.3%
Median household income$61,133$63,578+4.0%
Median home value$155,300$161,000+3.7%

How Romney Compares

Economy & Housing

Household Income Distribution

Under $25K 5.7%
$25K-$50K 11.4%
$50K-$100K 60.2%
$100K+ 22.8%
Detailed income brackets
Under $10K
0.0%
$10K-$15K
0.0%
$15K-$20K
5.7%
$20K-$25K
0.0%
$25K-$30K
0.0%
$30K-$35K
11.4%
$35K-$40K
0.0%
$40K-$45K
0.0%
$45K-$50K
0.0%
$50K-$60K
0.0%
$60K-$75K
54.5%
$75K-$100K
5.7%
$100K-$125K
0.0%
$125K-$150K
4.9%
$150K-$200K
4.9%
$200K+
13.0%

Employment

11.2% Unemployment Rate State: 4.3%|National: 5.2%
82.3% Labor Force Participation

Housing Overview

Owner 91.9%
Renter 8.1%
Affordability Index Very Affordable
2.5x home value to income ratio

People & Demographics

Diversity Index

17out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Romney Rankings in Indiana

#561 Population of 967
#403 Median Income of 796
#256 Education of 966
#345 Home Value of 818

Other Cities in Tippecanoe County

CityPopulationMedian IncomePovertyHome Value
Lafayette 71,159 $53,716 17.8% $172,800
West Lafayette 45,159 $34,891 37.3% $350,000
Battle Ground 1,969 $110,568 4.0% $277,600
Shadeland 1,921 $82,708 15.0% $270,000
Otterbein 1,576 $63,698 8.8% $158,500
Dayton 1,168 $78,289 12.1% $176,300
Clarks Hill 700 $46,806 16.3% $93,600
Stockwell 286 $60,988 11.5% $105,900
West Point 189 $125,409 0.0% $145,900
Colburn 92 N/A 78.3% N/A

Cities Similar to Romney

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Nyona Lake389N/AN/A22.6%54.0%
Advance390$64,500$164,50020.9%9.2%
Helmsburg387N/A$89,7002.8%0.0%
Star City386N/AN/A3.6%13.2%
Leavenworth397$65,586$130,2007.5%12.9%

A note before these figures: with a population of 391, Romney'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

Romney is a small community located in Indiana, within Tippecanoe County. The total population is 391. It ranks as the 561st most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Romney is 37.4 years. This is 2% lower than the state median of 38.1 years. With 39.4% of the population under 18, Romney has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Romney is $63,578. This is 12% lower than the state median of $71,957. It is also 21% lower than the national median of $80,734. The ACS records no residents below the poverty line in Romney. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The unemployment rate is 11.2%. This is 162% higher than the state rate of 4.3%. The median home value is $161,000. Housing costs are 26% lower than the state median of $218,200. With a home-value-to-income ratio of just 2.5x, Romney is one of the most affordable housing markets in the area. 91.9% of occupied housing units are owner-occupied. This homeownership rate is 30% higher than the state average of 70.5%.

Race & Ethnicity

Romney has a predominantly White (non-Hispanic) population, comprising 90.5% of all residents. Hispanic or Latino residents account for 9.5%.

Education

23.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 20% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. No surveyed resident aged 25 or older reported leaving school before earning a high school diploma, though a rate of exactly 100% reflects the limits of a small sample.

Data Sources & Methodology

All demographic data for Romney, 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.

Free data download: Get all Indiana city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Romney, Indiana?

Romney, Indiana has a population of 391 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Romney, IN?

The median household income in Romney is $63,578, which is 21% lower than the national median of $80,734.

What is the poverty rate in Romney, IN?

The ACS sample for Romney recorded no residents below the federal poverty line. Because the community is small, this indicates that the survey did not capture poverty here rather than that no poverty exists — the estimate carries a wide margin of error.

What is the racial makeup of Romney, Indiana?

Romney's population is 90.5% White, 0.0% Black, 9.5% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Romney, IN?

The median home value in Romney is $161,000. The home-value-to-income ratio is 2.5x.

How educated is Romney, Indiana?

23.6% of adults (25+) in Romney hold a bachelor's degree or higher, and 4.2% hold a graduate or professional degree.