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
Change Over Time (2013–2023)
Population Change
-15.3%
797 → 675
over 10 years
Annual Pop. Growth
-1.65%
Compound annual growth rate
Median Income Change
+58.6%
$27,308 → $43,304
nominal, not inflation-adjusted
Annual Income Growth
+4.72%
Compound annual growth rate
Population Over Time
Total population for Shoals across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
601
-74 from 2023 (675)
Projected Median Income 2030
$59,805
+$16,501 from 2023 ($43,304)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 797 | — | $27,308 | — |
| 2015 | 793 | -0.5% | $29,250 | +7.1% |
| 2017 | 789 | -0.5% | $32,847 | +12.3% |
| 2019 | 785 | -0.5% | $38,125 | +16.1% |
| 2021 | 645 | -17.8% | $35,313 | -7.4% |
| 2023 | 675 | +4.7% | $43,304 | +22.6% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.
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