Gas City, IN Profile: Facts & Data

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Gas City, Indiana - Basic Facts

The City of Gas City had a population of 6,050 as of July 1, 2023.

The primary coordinate point for Gas City is located at latitude 40.4873 and longitude -85.613 in Grant County. The formal boundaries for the City of Gas City encompass a land area of 4.56 sq. miles and a water area of 0 sq. miles. Grant County is in the Eastern time zone (GMT -5).

The City of Gas City has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Gas City is located within Township of Mill, a minor civil division (MCD) of Grant County.


Jump to... (On This Page!)
  1. Gas City 2023 Demographic Data
  2. Growth Rates for Gas City (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2023 Demographics
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Gas City, IN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 6,050 (100%)
Population in Households 5,992 (99.0%)
Population in Families 4,814 (79.6%)
Population in Group Quarters1 58 ( 1.0%)
Population Density 1,204
Diversity Index2 24
 
 

INCOME

Median Household Income $56,850
Average Household Income $65,577
% of Income for Mortgage4 12%
Per Capita Income $27,524
Wealth Index5 41
Socioeconomic Status Index6 Moderate (49.8)
 

HOUSING

Total HU (Housing Units) 2,737 (100%)
Owner Occupied HU 1,827 (66.8%)
Renter Occupied HU 711 (26.0%)
Vacant Housing Units 199 ( 7.3%)
Median Home Value $109,961
Average Home Value $141,229
Housing Affordability Index3 217
 

HOUSEHOLDS

Total Households 2,538
Average Household Size 2.36
Family Households 1,697
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.54% -0.38%
Households -0.29% -0.16%
Families   -0.24%
Median Household Income   2.81%
Per Capita Income   2.89%
Owner Occupied HU   0.22%

Gas City, IN - Peer Comparisons by Rank and Percentile

The table below compares Gas City to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 117 88th
Population Density # 367 62nd
Median Household Income # 652 33rd
Housing Affordability Index # 877 90th
Per Capita Income # 793 19th
Diversity Index # 275 72nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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