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Spiceland, Indiana Demographics & Population 2026

During the 2020–2024 ACS period, Spiceland, Indiana had a total population of 840, the 391st largest town in Indiana, with a median household income of $65,875, which is 8% lower than the state average. The poverty rate is 22.2%.

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

Key Takeaways

Spiceland Quick Facts

Population 840
Median Household Income $65,875
Median Home Value $118,300
Poverty Rate 22.2%
Unemployment Rate 4.7%
Median Age 32.4 years
Homeownership Rate 68.9%
Affordability Ratio 1.8x
Bachelor's Degree or Higher 17.0%
High School Graduation Rate 95.1%
Diversity Index 1/100
Population 840 391st of 967
Median Income $65,875 average
Poverty Rate 22.2% 78% higher than national
Median Home Value $118,300 below average

How Spiceland 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
Population896840-6.3%
Median household income$63,676$65,875+3.5%
Median home value$107,700$118,300+9.8%

How Spiceland Compares

Economy & Housing

Household Income Distribution

Under $25K 18.9%
$25K-$50K 24.4%
$50K-$100K 22.3%
$100K+ 34.4%
Detailed income brackets
Under $10K
4.9%
$10K-$15K
4.0%
$15K-$20K
5.5%
$20K-$25K
4.6%
$25K-$30K
5.5%
$30K-$35K
5.2%
$35K-$40K
1.2%
$40K-$45K
3.4%
$45K-$50K
9.2%
$50K-$60K
1.8%
$60K-$75K
9.4%
$75K-$100K
11.0%
$100K-$125K
16.2%
$125K-$150K
11.0%
$150K-$200K
7.3%
$200K+
0.0%

Employment

4.7% Unemployment Rate State: 4.3%|National: 5.2%
65.5% Labor Force Participation

Housing Overview

Owner 68.9%
Renter 31.1%
Affordability Index Very Affordable
1.8x home value to income ratio
Median gross rent $789/mo 14.4% of median household income annually

People & Demographics

Diversity Index

1out 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

Spiceland Rankings in Indiana

#391 Population of 967
#363 Median Income of 796
#407 Education of 966
#543 Home Value of 818

Other Cities in Henry County

CityPopulationMedian IncomePovertyHome Value
New Castle 17,367 $51,606 20.1% $98,000
Knightstown 2,241 $49,792 22.0% $130,000
Middletown 2,235 $56,008 12.7% $96,200
Mount Summit 713 N/A 4.9% $214,100
Mooreland 493 $60,714 16.9% $94,200
Sulphur Springs 454 $51,250 9.5% $139,300
Kennard 415 $58,125 10.4% $110,700
Lewisville 282 $50,208 23.8% $114,300
Straughn 229 $73,125 11.8% $112,000
Cadiz 226 $101,000 13.6% $105,600

Cities Similar to Spiceland

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Swayzee846$65,391$121,00023.8%10.8%
Converse813$65,536$103,80011.8%18.9%
Hoagland845$61,563$183,60026.6%13.9%
Medora817$69,231$82,3006.9%5.3%
Atlanta816$69,286$148,40011.9%18.8%

A note before these figures: with a population of 840, Spiceland'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

Spiceland is a small community located in Indiana, within Henry County. The total population is 840. It ranks as the 391st most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Spiceland is 32.4 years. This is 15% lower than the state median of 38.1 years.

Economy, Income & Housing

The median household income in Spiceland is $65,875. This is 8% lower than the state median of $71,957. It is also 18% lower than the national median of $80,734. The poverty rate stands at 22.2%. This is 80% higher than the state poverty rate of 12.3%. 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 4.7%. This is 9% higher than the state rate of 4.3%. The median home value is $118,300. Housing costs are 46% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.8x, Spiceland is one of the most affordable housing markets in the area. 68.9% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 70.5%.

Race & Ethnicity

Spiceland has a predominantly White (non-Hispanic) population, comprising 99.5% of all residents. Hispanic or Latino residents account for 0.1%. The Hispanic or Latino population (0.1%) is well below the state average of 8.6%.

Education

17.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 42% 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 95.1%.

Data Sources & Methodology

All demographic data for Spiceland, 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 Spiceland, Indiana?

Spiceland, Indiana has a population of 840 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Spiceland, IN?

The median household income in Spiceland is $65,875, which is 18% lower than the national median of $80,734.

What is the poverty rate in Spiceland, IN?

The poverty rate in Spiceland is 22.2%. This means approximately 180 residents live below the federal poverty line.

What is the racial makeup of Spiceland, Indiana?

Spiceland's population is 99.5% White, 0.0% Black, 0.1% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Spiceland, IN?

The median home value in Spiceland is $118,300. The home-value-to-income ratio is 1.8x.

How educated is Spiceland, Indiana?

17.0% of adults (25+) in Spiceland hold a bachelor's degree or higher, and 4.2% hold a graduate or professional degree.