Needmore, IN Profile: Facts & Data

The primary coordinate point for Needmore is located at latitude 38.9273 and longitude -86.53 in Lawrence County. Lawrence County is in the Eastern time zone (GMT -5).

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Needmore, IN Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	243 (100%)
Population in Households	243 (100.0%)
Population in Families	201 (82.7%)
Population in Group Quarters¹	0
Population Density	379
Diversity Index²	14


INCOME
Median Household Income	$64,190
Average Household Income	$103,715
% of Income for Mortgage⁴	18%
Per Capita Income	$43,108
Wealth Index⁵	86
Socioeconomic Status Index⁶	Moderate (56.9)

HOUSING
Total HU (Housing Units)	109 (100%)
Owner Occupied HU	75 (68.8%)
Renter Occupied HU	26 (23.9%)
Vacant Housing Units	8 ( 7.3%)
Median Home Value	$192,500
Average Home Value	$249,667
Housing Affordability Index³	141

HOUSEHOLDS
Total Households	101
Average Household Size	2.41
Family Households	70
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.
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.

Needmore, IN - Peer Comparisons by Rank and Percentile

The table below compares Needmore 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.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	0.25%	0.25%
Households	0.93%	0.78%
Families		0.28%
Median Household Income		5.68%
Per Capita Income		3.52%
Owner Occupied HU		1.04%

Variable Description	Rank	Percentile
Total Population	# 617	37th
Population Density	# 700	28th
Median Household Income	# 488	50th
Housing Affordability Index	# 486	50th
Per Capita Income	# 170	83rd
Diversity Index	# 637	34th

Needmore, IN Profile: Facts & Data

Needmore, Indiana - Basic Facts

Needmore, IN Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Needmore, IN - Peer Comparisons by Rank and Percentile

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Lawrence County