What is the median household income in Cromwell, IN?
The median household income in Cromwell, IN is $48,698 (±$13,265) a year (2020–2024 American Community Survey).
Paying the median gross rent of $938 a month would take about $37,500 a year at the common guideline of spending no more than 30% of income on rent.
In Cromwell, the median household income went from $43,229 in 2015–2019 to $48,698 in 2020–2024 (+12.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $48,698 (±$13,265)
- Median renter income
- $36,250 (±$27,009)
- Income to afford median rent
- about $37,500
Income in Cromwell against Noble County, its state and the nation
| Cromwell | Noble County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $48,698 (±$13,265) | $71,723 (±$2,416) | $71,957 (±$352) | $80,734 |
| Median renter household income | $36,250 (±$27,009) | $42,293 (±$6,180) | $42,811 (±$480) | $52,966 |
| Median owner household income | $75,000 (±$29,781) | $81,772 (±$2,504) | $87,459 (±$395) | $100,009 |
| Median gross rent | $938 (±$264) | $832 (±$32) | $1,062 (±$5) | $1,413 |
In Cromwell, median household income is lower than in Noble County ($71,723).
It is also lower than in Indiana ($71,957).
It is lower than the national figure ($80,734).
In Noble County, Cromwell ranks 19 of 19 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 1444 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 Cromwell
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 $938 a month ($11,256 a year) needs an income of about $37,500 a year.
The median renting household in Cromwell earns $36,250 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 | $43,229 (±$9,018) | $48,698 (±$13,265) | +12.7% | No measurable change after inflation |
| Median gross rent | $696 (±$197) | $938 (±$264) | +34.8% | No measurable change after inflation |
| Median home value | $82,200 (±$7,642) | $123,100 (±$59,524) | +49.8% | 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 Cromwell
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Cromwell | — | $48,698 (±$13,265) | — |
| Sparta Township (Noble County) | 1.2 mi | $81,935 (±$16,123) | Higher |
| Enchanted Hills | 2.9 mi | $64,625 (±$13,708) | Not measurably different |
| Ligonier | 4.1 mi | $59,359 (±$7,458) | Not measurably different |
| Perry Township (Noble County) | 5.3 mi | $72,575 (±$12,084) | Higher |
| Turkey Creek Township | 5.5 mi | $75,909 (±$7,454) | Higher |
| Washington Township (Noble County) | 5.5 mi | $64,266 (±$2,742) | Higher |
| York Township (Noble County) | 6.4 mi | $80,972 (±$22,216) | Higher |
| North Webster | 7.0 mi | $55,278 (±$13,962) | Not measurably different |
Nearby places with a measurably higher figure: Sparta Township (Noble County), IN ($81,935), Perry Township (Noble County), IN ($72,575), Turkey Creek Township, IN ($75,909).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Noble County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 13 | Albion Township | $70,403 (±$5,238) |
| 14 | Orange Township (Noble County) | $66,010 (±$8,836) |
| 15 | Washington Township (Noble County) | $64,266 (±$2,742) |
| 16 | Wayne Township (Noble County) | $60,000 (±$13,777) |
| 17 | Ligonier | $59,359 (±$7,458) |
| 18 | Kendallville | $58,939 (±$9,791) |
| 19 | Cromwell | $48,698 (±$13,265) |
Showing 7 of 19 places in Noble 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 Cromwell
What is the median household income in Cromwell?
The median household income in Cromwell is $48,698 (±$13,265) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Cromwell?
About $37,500 a year, if rent is to stay at or below 30% of income at the median gross rent of $938 a month.
Have incomes in Cromwell kept up with inflation?
In Cromwell, the median household income went from $43,229 in 2015–2019 to $48,698 in 2020–2024 (+12.7%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Cromwell?
The median renting household in Cromwell, IN earns $36,250 (±$27,009) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cromwell town, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Cromwell town, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cromwell town, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Cromwell town, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cromwell town, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cromwell 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 Cromwell town, Indiana (place:15994, 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 Cromwell at a glance
- Median rent in Cromwell
- Rent burden in Cromwell
- Renters and owners in Cromwell
- Home values in Cromwell
- Homeowner costs in Cromwell
- Property taxes in Cromwell
- Types of homes in Cromwell
- Bedrooms in Cromwell
- Age of homes in Cromwell
- Heating fuel in Cromwell
- Commute and cars in Cromwell
- How long people stay in Cromwell
- Indiana landlord and tenant rules
- Housing across Noble County
- Indiana places ranked by median household income
- Housing data for every place in Indiana