Chesterfield, IN Profile: Facts & Data

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Chesterfield, Indiana - Basic Facts

The Town of Chesterfield had a population of 2,470 as of July 1, 2023. Chesterfield ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Chesterfield is located at latitude 40.1125 and longitude -85.5969 in Madison County. The formal boundaries for the Town of Chesterfield encompass a land area of 1.38 sq. miles and a water area of 0 sq. miles. Madison County is in the Eastern time zone (GMT -5).

While the primary coordinates for Town of Chesterfield are located in Madison County, it should be noted that the formal boundaries for this community also extend into and Delaware County.

The Town of Chesterfield 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 Town of Chesterfield is located within Township of Union, a minor civil division (MCD) of Madison County.


Jump to... (On This Page!)
  1. Chesterfield 2023 Demographic Data
  2. Growth Rates for Chesterfield (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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Chesterfield, IN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 2,470 (100%)
Population in Households 2,430 (98.4%)
Population in Families 1,848 (74.8%)
Population in Group Quarters1 40 ( 1.6%)
Population Density 1,805
Diversity Index2 22
 
 

INCOME

Median Household Income $51,448
Average Household Income $64,049
% of Income for Mortgage4 12%
Per Capita Income $28,466
Wealth Index5 42
Socioeconomic Status Index6 Moderate (52.0)
 

HOUSING

Total HU (Housing Units) 1,218 (100%)
Owner Occupied HU 704 (57.8%)
Renter Occupied HU 393 (32.3%)
Vacant Housing Units 121 ( 9.9%)
Median Home Value $104,082
Average Home Value $138,423
Housing Affordability Index3 203
 

HOUSEHOLDS

Total Households 1,097
Average Household Size 2.22
Family Households 654
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 -0.25% -0.29%
Households -0.03% -0.13%
Families   -0.21%
Median Household Income   2.01%
Per Capita Income   3.37%
Owner Occupied HU   0.23%

Chesterfield, IN - Peer Comparisons by Rank and Percentile

The table below compares Chesterfield 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 # 193 80th
Population Density # 152 84th
Median Household Income # 791 19th
Housing Affordability Index # 837 86th
Per Capita Income # 758 22nd
Diversity Index # 318 68th

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

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