Spiceland, IN
Full City Profile · Indiana · Henry County County
Spiceland, IN
At a Glance
How Spiceland Compares to the U.S. Average
Each bar shows Spiceland's value as a percentage of the national average (100% = U.S. avg)
Is Spiceland a Good Place to Live?
Economy & Jobs
Spiceland residents earn a median household income of $63,676 , which is 15% below the national average of $75,149. Per capita income is $27,003. The unemployment rate stands at 3.1% (14% below the U.S. rate of 3.6%). 15.2% of residents live below the poverty line. The area is home to 893 business establishments, including 80 restaurants.
Housing & Cost of Living
The median home value in Spiceland is $107,700 , 62% below the national median of $281,900. Zillow estimates the typical home at $213,001. Median rent is $778/month, with 36.4% 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 1951.
Education
12.1% of adults in Spiceland hold a bachelor's degree or higher (64% below the national average). 96.1% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Spiceland has an average annual temperature of 50°F (10°C). Winters average 26°F in January while summers reach 72°F in July. Annual precipitation totals 44.3 inches. Air quality is rated Good with a median AQI of 34.