Shoals, IN

Full City Profile · Indiana · Martin County County

3.5 /5.0
B+ Good
700 Population 385/sq mi density
$43,304 Median Income $28,793 per capita
$114,300 Home Value $187,540 Zillow
$500 Median Rent 29.0% income on rent
56°F Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$43,304 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$114,300 home value, $500/mo rent
C
Education
2.0 / 5.0
12.8% bachelor's degree or higher

Shoals, IN

At a Glance

Median Income
$43,304
42% below
$28,793 per capita
Home Value
$114,300
59% below
Zillow: $187,540
Median Rent
$500/mo
57% below
29.0% of income on rent
Bachelor's Degree+
12.8%
62% below
88.7% high school+
Unemployment
0.0%
100% below
14.0% poverty rate
Obesity Rate
38.3%
19% above
19.1% smoking rate
Avg Temperature
56°F

How Shoals Compares to the U.S. Average

Each bar shows Shoals's value as a percentage of the national average (100% = U.S. avg)

Income
58%
Home Value
41%
Rent
43%
Poverty
113%
Bachelor's
38%
Unemployment
0%
Thin vertical line = U.S. national average (100%)

Is Shoals a Good Place to Live?

B+
3.5 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Shoals residents earn a median household income of $43,304 , which is 42% below the national average of $75,149. Per capita income is $28,793. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 14.0% of residents live below the poverty line. The area is home to 279 business establishments, including 20 restaurants.

Housing & Cost of Living

The median home value in Shoals is $114,300 , 59% below the national median of $281,900. Zillow estimates the typical home at $187,540. Median rent is $500/month, with 29.0% 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 1965.

Education

12.8% of adults in Shoals hold a bachelor's degree or higher (62% below the national average). 88.7% have completed high school. Local schools score 6.0/10 in standardized testing.

Climate & Weather

Shoals has an average annual temperature of 56°F (13°C). Winters average 32°F in January while summers reach 77°F in July. Annual precipitation totals 50.0 inches.

Data Overview

People

Population700
Median Age48.6 yrs
Density385/mi²
Male / Female52% / 48%
Foreign Born0.6%
Veterans10.3%

Economy

B
Median Income$43,304
Per Capita$28,793
Unemployment0.0%
Poverty14.0%
County GDP$1,635M
Avg Weekly Wage$1,622

Housing

A+
Home Value$114,300
Rent$500
Ownership62.3%
Zillow$187,540
Housing Units369
Rent Burden29.0%

Health

Obesity38.3%
Diabetes11.0%
Smoking19.1%
Heart Disease6.1%
Premature Death10,011/100K

Climate

Avg Temp56°F
Rain50.0 in/yr
Elevation475 ft

Education

C
Bachelor's+12.8%
High School+88.7%
Graduate+3.5%
School Score6.0/10

Community

2024 VoteR 79% / D 19%
Commute23 min
Broadband79.2%
Internet Speed85 Mbps
EV Stations1
Libraries2

Did You Know?

The median home in Shoals was built in 1965.
The nearest airport is Lawrenceville-Vincennes International (44 miles).
The Gini coefficient (income inequality) is 0.414 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
33.1% of the population has a disability.
The county recorded 3 fatal vehicle crashes.