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CITY

Shoals

Indiana · 677 residents (2025 est.) · 1.824 sq mi
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The short version

Shoals has notably lower household income than the US average, with a median household income of $38,333. Population has fallen 16% since 2000, a loss of 128 residents. 9% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has roughly tripled since 2000, reaching $151,500. The poverty rate of 20.5% is well above the national figure. Households here earn about 47% less than the Indiana median.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 43.4
US median: 38.9
Less educated
9% hold a bachelor's degree
US average: 36%
Less affordable
home values up 77%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
679
−16%since 2000
from 807 in 2000
1990 – 2025
Population density
372 / sq mi
−16%since 2000
from 442 / sq mi in 2000
US average: 281
Median age
43.4
−2%since 2000
from 44.3 in 2000
US average: 38.9

PEP 2025 EST:677 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
5276337408469531990201020202024Shoals
2024679
1990201020202024
Section 02

Income & economy

Median household income
$38,333
−11%inflation adjusted, since 2000
from $23,750 in 2000
US average: $82,259
1990 – 2024
Per capita income
$23,690
+66%since 2000
from $14,234 in 2000
US average: $44,673
Households earning $100K+
23.3%
+12.7 ptssince 2009
from 10.6% in 2009
US average: 53.3%
Poverty rate
20.5%
Unchangedsince 2000
from 20.4% in 2000
US average: 12.5%
Income inequality (Gini)
0.480
+9%since 2010
from 0.439 in 2010
US average: 0.476
Workforce by industry, 2024
Information12.3%
US avg: 10.8%
Finance & insurance6%
US avg: 5.9%
Retail trade5.3%
US avg: 9.9%
Education & health services3.5%
US avg: 0.9%
Professional, scientific, technical2.5%
US avg: 5.1%
Arts, entertainment, food2.5%
US avg: 1.9%
Agriculture, forestry, fishing0.7%
US avg: 1.6%
Construction0.7%
US avg: 1.2%
Wholesale trade0.7%
US avg: 6.9%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$151,500
+77%inflation adjusted, since 2000
from $46,900 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$383
−33%inflation adjusted, since 2000
from $316 in 2000
US average: $1,442
Owner-occupied
61.1%
−11.0 ptssince 2000
from 72.1% in 2000
38.9% rent
Vacancy rate
13.2%
−8.9 ptssince 2009
from 22.1% in 2009
US average: 10.0%
Owner cost-burdened
18.8%
+9.4 ptssince 2009
from 9.4% in 2009
US average: 22.9%
Renter cost-burdened
50.5%
+6.9 ptssince 2009
from 43.6% in 2009
US average: 47.4%
Afford Score
4.0
+100%since 2000
from 2.0 in 2000
1990 – 2024
Gentrification Score
48
RELATED:See current rent listings in Shoals on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.4%(778)
Black0.9%(7)
Hispanic / Latino1.5%(12)
Asian0%(0)
Other0%
Diversity Score5.9%(47)
2024
White, non-Hispanic94.6%(642)
Black1.6%(11)
Hispanic / Latino0%(0)
Asian0.6%(4)
Other3.2%(22)
Diversity Score13.1%(89)
Diversity Score
13
+124%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
9.2%
+4.8 ptssince 2000
from 4.4% in 2000
US average: 35.6%
High school or higher
88.3%
+21.7 ptssince 2000
from 66.7% in 2000
US average: 89.6%
Graduate degree
4.8%
+1.9 ptssince 2000
from 2.8% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.3 min
+14%since 2000
from 18.6 min in 2000
US average: 26.5
Drive alone to work
81.1%
+1.2 ptssince 2009
from 79.9% in 2009
US average: 68.9%
Carpooled to work
6.7%
−8.0 ptssince 2009
from 14.7% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
2.8%
+0.6 ptssince 2009
from 2.2% in 2009
US average: 15.0%
Walked to work
4.9%
+1.7 ptssince 2009
from 3.2% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
10.0%
−0.4 ptssince 2009
from 10.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.7%
−14.4 ptssince 2011
from 15.1% in 2011
US average: 5.2%
Labor force participation
47.7%
+6.8 ptssince 2011
from 40.9% in 2011
US average: 63.5%
Self-employed
14.4%
−9.5 ptssince 2009
from 23.8% in 2009
US average: 13.1%
Management & professional
39.3%
−31.9 ptssince 2009
from 71.2% in 2009
US average: 42.5%
Section 08

People & community

Male
52.6%
−1.0 ptssince 2009
from 53.5% in 2009
Female
47.4%
+1.0 ptssince 2009
from 46.5% in 2009
Foreign born
0.6%
+0.6 ptssince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
6.3%
−40.8 ptssince 2009
from 47.1% in 2009
US average: 6.2%
With a disability
33.3%
+17.3 ptssince 2012
from 16.0% in 2012
US average: 13.3%
Uninsured
2.7%
−76.6 ptssince 2013
from 79.3% in 2013
US average: 8.4%
Broadband at home
78.5%
+16.1 ptssince 2017
from 62.4% in 2017
US average: 91.0%
English only at home
98.6%
−1.4 ptssince 2016
from 100.0% in 2016
US average: 77.7%
Spanish at home
0.5%
+0.5 ptssince 2016
from 0.0% in 2016
US average: 13.6%
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Compare Shoals to nearby cities

SHOALS VS
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Income$50,331+31%
Home value$152,200same
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SHOALS VS
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SHOALS VS
Bedford
Income$49,553+29%
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SHOALS VS
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Income$50,465+32%
Home value$321,400+112%
Population83,307+12205%
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Frequently asked

How many people live in Shoals, Indiana?

Shoals, Indiana has about 679 residents according to the 2024 American Community Survey.

What is the median household income in Shoals, Indiana?

The typical household in Shoals, Indiana earns about $38,333 a year. Half of households make more than that, and half make less.

Is Shoals, Indiana expensive?

In Shoals, Indiana, the median home is worth about $151,500, and the typical rent is about $383 a month.

How educated are people in Shoals, Indiana?

About 9.2% of adults age 25 and over in Shoals, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Shoals, Indiana?

About 20.5% of people in Shoals, Indiana live below the federal poverty line.

Has Shoals, Indiana grown since 1990?

Yes, Shoals, Indiana has shrunk since 1990. The population has lost about 181 residents, a change of about -21 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →