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CITY

Underwood

Indiana · 957 residents · 2.57 sq mi
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The short version

Underwood has lower-than-average household income, with a median household income of $69,625. Population has fallen 16% since 2023, a loss of 183 residents. Median home value is $176,300. At a median age of 20.1, residents skew younger than the country as a whole. Poverty is rare here, at 2.8% of residents.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 20.1
US median: 38.9
Average education
32% hold a bachelor's degree
US average: 36%
More affordable
home values down 6%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

957
−16%since 2023
from 1,140 in 2023
2022 – 2024
372 / sq mi
−16%since 2023
from 444 / sq mi in 2023
US average: 281
20.1
−25%since 2023
from 26.9 in 2023
US average: 38.9
Population, 20222024
9399941K1K1K20222024Underwood
2024957
20222024
Section 02

Income & economy

$69,625
+9%inflation adjusted, since 2023
from $61,818 in 2023
US average: $82,259
2022 – 2024
$21,286
−1%since 2023
from $21,559 in 2023
US average: $44,673
Households earning $100K+
39.7%
+5.4 ptssince 2023
from 34.4% in 2023
US average: 53.3%
2.8%
−1.0 ptssince 2023
from 3.9% in 2023
US average: 12.5%
0.266
+1%since 2023
from 0.264 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade15.2%
US avg: 9.9%
Wholesale trade13.8%
US avg: 6.9%
Finance & insurance9.2%
US avg: 5.9%
Professional, scientific, technical9.2%
US avg: 5.1%
Information8.8%
US avg: 10.8%
Agriculture, forestry, fishing7.4%
US avg: 1.6%
Manufacturing7.4%
US avg: 0.4%
Arts, entertainment, food6.4%
US avg: 1.9%
Other services4.9%
US avg: 6.7%
Construction0%
US avg: 1.2%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

$176,300
−6%inflation adjusted, since 2023
from $181,300 in 2023
US average: $376,019
2022 – 2024
87.4%
−2.2 ptssince 2023
from 89.7% in 2023
12.6% rent
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 10.0%
6.2%
+1.7 ptssince 2023
from 4.5% in 2023
US average: 22.9%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
2.5
−14%since 2023
from 2.9 in 2023
2022 – 2024
RELATED:See current rent listings in Underwood on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic96.8%(1,103)
Black0%(0)
Hispanic / Latino1.1%(12)
Asian0%(0)
Other2.2%(25)
Diversity Score7.9%(90)
2024
White, non-Hispanic96.1%(920)
Black0%(0)
Hispanic / Latino1.6%(15)
Asian0%(0)
Other2.3%(22)
Diversity Score9.4%(90)
9
+19%since 2023
from 8 in 2023
2022 – 2024
Section 05

Education

31.9%
+0.4 ptssince 2023
from 31.5% in 2023
US average: 35.6%
High school or higher
97.2%
+3.4 ptssince 2023
from 93.7% in 2023
US average: 89.6%
5.2%
+2.3 ptssince 2023
from 3.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

41.1 min
+10%since 2023
from 37.5 min in 2023
US average: 26.5
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 68.9%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
3.8%
+1.0 ptssince 2023
from 2.8% in 2023
US average: 8.3%
Section 07

Work & employment

5.4%
+1.3 ptssince 2023
from 4.1% in 2023
US average: 5.2%
63.9%
+3.5 ptssince 2023
from 60.4% in 2023
US average: 63.5%
8.8%
+1.5 ptssince 2023
from 7.3% in 2023
US average: 13.1%
43.1%
+2.5 ptssince 2023
from 40.6% in 2023
US average: 42.5%
Section 08

People & community

48.9%
+0.4 ptssince 2023
from 48.5% in 2023
51.1%
−0.4 ptssince 2023
from 51.5% in 2023
2.6%
+0.7 ptssince 2023
from 1.9% in 2023
US average: 14.1%
8.7%
+2.1 ptssince 2023
from 6.6% in 2023
US average: 6.2%
8.0%
−7.1 ptssince 2023
from 15.1% in 2023
US average: 13.3%
1.6%
−0.1 ptssince 2023
from 1.7% in 2023
US average: 8.4%
94.1%
+16.6 ptssince 2023
from 77.5% in 2023
US average: 91.0%
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
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Frequently asked

How many people live in Underwood, Indiana?

Underwood, Indiana has about 957 residents according to the 2024 American Community Survey.

What is the median household income in Underwood, Indiana?

The typical household in Underwood, Indiana earns about $69,625 a year. Half of households make more than that, and half make less.

Is Underwood, Indiana expensive?

In Underwood, Indiana, the median home is worth about $176,300.

How educated are people in Underwood, Indiana?

About 31.9% of adults age 25 and over in Underwood, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Underwood, Indiana?

About 2.8% of people in Underwood, Indiana live below the federal poverty line.

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

How we source and harmonize this data →