Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.4 yrs |
|---|---|
| Avg HH Size | 2.73 |
| Below Poverty | 16.0% ▲ 60% above avg |
| College Grads | 15.8% ▼ 59% below avg |
| Unemployment | 6.2% ▲ 26% above avg |
| No HS Diploma | 46 (2.8%) |
| HS Graduate | 712 (44%) |
| Some College | 424 (26.2%) |
| Associates | 182 (11.2%) |
| Bachelors | 144 (8.9%) |
| Graduate Degree | 111 (6.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $55,956 ▼ 27% below avg |
|---|---|
| Median Home Value | $114,300 ▼ 59% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $980/mo |
| Total Housing Units | 1,171 |
| Vacant Units | 107 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Laurel is a city in Indiana, located in Franklin County. The city spans 1 ZIP code and is home to approximately 2,909 residents. It is a relatively young city, with a median age of 36.4 years.
Economically, Laurel is a solidly middle-class community. The median household income of $55,956 is below the national average. Approximately 16.0% of residents live below the poverty line. The unemployment rate is 6.2%, above the national average.
The real estate market in Laurel is one of the more affordable housing markets in the country. Median home values stand at $114,300, which is well below the national average. Renters typically pay around $980 per month. Homeownership is high at 78.3%, typical of suburban and family-oriented communities.
The population of Laurel is less-educated. 15.8% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (92.57%).
Laurel, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47024 | 2,909 | $55,956 | $114,300 | $980 | 6.2% | 15.8% | 78.3% |