Farmland, IN
Full City Profile · Indiana · Randolph County County
Farmland, IN
At a Glance
How Farmland Compares to the U.S. Average
Each bar shows Farmland's value as a percentage of the national average (100% = U.S. avg)
Is Farmland a Good Place to Live?
Economy & Jobs
Farmland residents earn a median household income of $41,516 , which is 45% below the national average of $75,149. Per capita income is $22,461. The unemployment rate stands at 5.7% (58% above the U.S. rate of 3.6%). 20.8% of residents live below the poverty line. The area is home to 569 business establishments, including 45 restaurants.
Housing & Cost of Living
The median home value in Farmland is $92,900 , 67% below the national median of $281,900. Zillow estimates the typical home at $186,531. Median rent is $826/month, with 32.4% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 1961.
Education
11.0% of adults in Farmland hold a bachelor's degree or higher (67% below the national average). 90.9% have completed high school. Local schools score 5.8/10 in standardized testing.
Climate & Weather
Farmland has an average annual temperature of 51°F (11°C). Winters average 26°F in January while summers reach 74°F in July. Annual precipitation totals 41.4 inches.