Shoals town, Indiana Demographics & Population 2026

Population Overview

Shoals town is a small community located in Indiana. The total population is 700. It ranks as the 440th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Shoals town is 48.6 years. This is 28% higher than the state median of 38.0 years. Only 14.1% of residents are under 18, indicating fewer families with children. 14.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Shoals town is $43,304. This is 38% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 45% lower. The poverty rate stands at 22.1%. This is 81% 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 0.0%. This is 100% lower than the state rate of 4.3%. The median home value is $114,300. Housing costs are 43% lower than the state median of $201,600. With a home-value-to-income ratio of just 2.6x, Shoals town is one of the most affordable housing markets in the area. 62.3% of occupied housing units are owner-occupied. This homeownership rate is 11% lower than the state average of 70.3%.

Race & Ethnicity

Shoals town has a predominantly White (non-Hispanic) population, comprising 90.7% of all residents. Black or African American residents account for 0.9%. The Black or African American population (0.9%) is well below the state average of 9.1%. The Asian population (0.6%) is well below the state average of 2.5%.

Education

12.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 56% 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 88.7%.

Data Sources & Methodology

All demographic data for Shoals 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.