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Shoals, IN

Full City Profile · Indiana · Martin County County

2.9 /5.0
C+ Fair
700 Population 385/sq mi density
$43,304 Median Income $28,793 per capita
$114,300 Home Value $175,760 Zillow
$500 Median Rent 29.0% income on rent
56°F Avg Temperature 290 sunny days/yr
234 Violent Crime/100K 943 property/100K
C+
Overall
2.9 / 5.0
Fair 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
F
Safety
1.0 / 5.0
234 violent crimes/100K
C
Education
2.0 / 5.0
12.8% bachelor's degree or higher

Income Overview

Median Household Income
$43,304
42% below
US avg: $75,149
Per Capita Income
$28,793
26% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
14.0%
13% above
US avg: 12.4%

Income Comparison: Shoals vs. U.S. Average

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

Median Household
US: $75,149
$43,304
58%
Per Capita
US: $39,052
$28,793
74%
IRS Avg AGI
US: $72,000
$61,374
85%
Avg Weekly Wage
US: $1,432
$1,622
113%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,622
13% above US avg ($1,432)
Mean Commute Time
23 min
16% below US avg (28 min)
Work From Home
2.1%
86% below US avg (15.2%)
Drive Alone
84.3%
15% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,635M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 84.3%
Public Transit 0%
Work From Home 2.1%
Other 13.6%
Average commute time
23 minutes
US avg: 28 min

Business Landscape

Total Establishments
279
Restaurants
20
Healthcare
15
Retail
30
Manufacturing
11

Tax & Financial

IRS Avg Adjusted Gross Income
$61,374
15% below US avg ($72,000)
Avg Property Tax
$1,644
53% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$43,304
Per Capita Income$28,793
IRS Avg Adjusted Gross Income$61,374
Avg Weekly Wage$1,622
County GDP$1,635M

Hardship Indicators

Unemployment Rate0.0%
Poverty Rate14.0%
Gini Coefficient0.414
Cost of Living Index93.3

Commute

Mean Commute23 minutes
Drive Alone84.3%
Public Transit0.0%
Work From Home2.1%

Businesses

Total Establishments279
Restaurants20
Healthcare15
Retail30
Manufacturing11

Tax

IRS Avg AGI$61,374
Avg Property Tax$1,644