Gas City, IN Profile: Facts & Data

Gas City, Indiana - Basic Facts

The City of Gas City had a population of 6,000 as of July 1, 2024.

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.

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Gas City, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	6,000 (100%)
Population in Households	5,942 (99.0%)
Population in Families	4,556 (75.9%)
Population in Group Quarters¹	58 ( 1.0%)
Population Density	1,194
Diversity Index²	24


INCOME
Median Household Income	$62,143
Average Household Income	$72,172
% of Income for Mortgage⁴	13%
Per Capita Income	$30,472
Wealth Index⁵	50
Socioeconomic Status Index⁶	Moderate (50.2)

HOUSING
Total HU (Housing Units)	2,737 (100%)
Owner Occupied HU	1,865 (68.1%)
Renter Occupied HU	667 (24.4%)
Vacant Housing Units	205 ( 7.5%)
Median Home Value	$130,376
Average Home Value	$191,582
Housing Affordability Index³	193

HOUSEHOLDS
Total Households	2,532
Average Household Size	2.35
Family Households	1,588
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

2,737 (100%)

Owner Occupied HU

1,865 (68.1%)

Renter Occupied HU

667 (24.4%)

Vacant Housing Units

205 ( 7.5%)

Median Home Value

$130,376

Average Home Value

$191,582

Housing Affordability Index³

193

HOUSEHOLDS

Total Households

2,532

Average Household Size

2.35

Family Households

1,588

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.61%	-0.47%
Households	-0.28%	-0.06%
Families		-0.30%
Median Household Income		3.35%
Per Capita Income		3.50%
Owner Occupied HU		0.22%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.61%

-0.47%

Households

-0.28%

-0.06%

Families

-0.30%

Median Household Income

3.35%

Per Capita Income

3.50%

Owner Occupied HU

0.22%

Gas City, IN - Peer Comparisons by Rank and Percentile

The table below compares Gas City to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 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	# 118	88th
Population Density	# 371	62nd
Median Household Income	# 650	34th
Housing Affordability Index	# 879	90th
Per Capita Income	# 714	27th
Diversity Index	# 275	72nd

Variable Description

Rank

Percentile

Total Population

# 118

88th

Population Density

# 371

62nd

Median Household Income

# 650

34th

Housing Affordability Index

# 879

90th

Per Capita Income

# 714

27th

Diversity Index

# 275

72nd

Indiana Census Data Comparison Tool

Gas City, IN Profile: Facts & Data

Gas City, Indiana - Basic Facts

Gas City, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Gas City, IN - Peer Comparisons by Rank and Percentile

Gas City, IN - Most Popular Things to Do

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