What is the median household income in Cloverdale, IN?
The median household income in Cloverdale, IN is $42,243 (±$14,769) a year (2020–2024 American Community Survey).
Paying the median gross rent of $743 a month would take about $29,700 a year at the common guideline of spending no more than 30% of income on rent.
In Cloverdale, the median household income went from $60,085 in 2015–2019 to $42,243 in 2020–2024 (−29.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median household income
- $42,243 (±$14,769)
- Median renter income
- $26,473 (±$5,472)
- Income to afford median rent
- about $29,700
Income in Cloverdale against Putnam County, its state and the nation
| Cloverdale | Putnam County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $42,243 (±$14,769) | $78,378 (±$6,390) | $71,957 (±$352) | $80,734 |
| Median renter household income | $26,473 (±$5,472) | $33,992 (±$4,199) | $42,811 (±$480) | $52,966 |
| Median owner household income | $65,705 (±$17,472) | $88,666 (±$2,431) | $87,459 (±$395) | $100,009 |
| Median gross rent | $743 (±$104) | $884 (±$41) | $1,062 (±$5) | $1,413 |
In Cloverdale, median household income is lower than in Putnam County ($78,378).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Putnam County, Cloverdale ranks 20 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1526 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Cloverdale
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $743 a month ($8,916 a year) needs an income of about $29,700 a year.
The median renting household in Cloverdale earns $26,473 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $60,085 (±$11,545) | $42,243 (±$14,769) | −29.7% | Down after inflation |
| Median gross rent | $695 (±$61) | $743 (±$104) | +6.9% | No measurable change after inflation |
| Median home value | $84,300 (±$9,338) | $136,500 (±$40,259) | +61.9% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Cloverdale
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cloverdale | — | $42,243 (±$14,769) | — |
| Cloverdale Township | 2.0 mi | $66,277 (±$9,460) | Higher |
| Warren Township (Putnam County) | 3.7 mi | $103,548 (±$26,047) | Higher |
| Jefferson Township (Putnam County) | 5.4 mi | $58,594 (±$28,842) | Not measurably different |
| Putnamville | 5.7 mi | $150,625 (±$67,558) | Higher |
| Jennings Township (Owen County) | 6.0 mi | $43,646 (±$11,305) | Not measurably different |
| Taylor Township (Owen County) | 6.4 mi | $54,896 (±$30,935) | Not measurably different |
| Jackson Township (Owen County) | 7.9 mi | $55,109 (±$18,369) | Not measurably different |
| Washington Township (Putnam County) | 8.0 mi | $84,179 (±$18,428) | Higher |
Nearby places with a measurably higher figure: Cloverdale Township, IN ($66,277), Warren Township (Putnam County), IN ($103,548), Putnamville, IN ($150,625).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Putnam County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 14 | Roachdale | $66,216 (±$9,139) |
| 15 | Greencastle Township | $65,078 (±$10,121) |
| 16 | Bainbridge | $59,712 (±$8,589) |
| 17 | Jefferson Township (Putnam County) | $58,594 (±$28,842) |
| 18 | Greencastle | $55,565 (±$10,751) |
| 19 | Clinton Township (Putnam County) | $47,917 (±$8,035) |
| 20 | Cloverdale | $42,243 (±$14,769) |
Showing 7 of 20 places in Putnam County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cloverdale
What is the median household income in Cloverdale?
The median household income in Cloverdale is $42,243 (±$14,769) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cloverdale?
About $29,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $743 a month.
Have incomes in Cloverdale kept up with inflation?
In Cloverdale, the median household income went from $60,085 in 2015–2019 to $42,243 in 2020–2024 (−29.7%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
What do renters earn in Cloverdale?
The median renting household in Cloverdale, IN earns $26,473 (±$5,472) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cloverdale town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cloverdale town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cloverdale town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cloverdale town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cloverdale town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cloverdale town, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cloverdale town, Indiana (place:13852, in state:18).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Cloverdale at a glance
- Median rent in Cloverdale
- Rent by bedrooms in Cloverdale
- Rent burden in Cloverdale
- Renters and owners in Cloverdale
- Home values in Cloverdale
- Homeowner costs in Cloverdale
- Property taxes in Cloverdale
- Types of homes in Cloverdale
- Bedrooms in Cloverdale
- Age of homes in Cloverdale
- Heating fuel in Cloverdale
- Commute and cars in Cloverdale
- Population growth in Cloverdale
- How long people stay in Cloverdale
- Indiana landlord and tenant rules
- Housing across Putnam County
- Indiana places ranked by median household income
- Housing data for every place in Indiana