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Liberty, IN Profile: Facts & Data

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Liberty, Indiana - Basic Facts

The Town of Liberty had a population of 2,199 as of July 1, 2020. Liberty 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 Liberty is located at latitude 39.6356 and longitude -84.9311 in Union County. The formal boundaries for the Town of Liberty encompass a land area of 0.86 sq. miles and a water area of 0 sq. miles. Union County is in the Eastern time zone (GMT -5). The elevation is 988 feet.

The Town of Liberty (GNIS ID: 2396717) 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 Liberty is located within Township of Center, a minor civil division (MCD) of Union County.


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Liberty, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,199 (100%)
Population in Households 2,145 (97.5%)
Population in Families 1,729 (78.6%)
Population in Group Quarters1 54 ( 2.5%)
Population Density 2,564
Diversity Index2 16
 
 

INCOME

Median Household Income $41,303
Average Household Income $51,660
% of Income for Mortgage4 10%
Per Capita Income $20,938
Wealth Index5 38
 

HOUSING

Total HU (Housing Units) 983 (100%)
Owner Occupied HU 472 (48.0%)
Renter Occupied HU 389 (39.6%)
Vacant Housing Units 122 (12.4%)
Median Home Value $94,866
Average Home Value $136,076
Housing Affordability Index3 265
 

HOUSEHOLDS

Total Households 861
Average Household Size 2.49
Family Households 554
Average Family Size 3
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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.3% 0.08%
Households 0.33% 0.12%
Families -0.07% 0.0%
Median Household Income   1.16%
Per Capita Income   1.76%
Owner Occupied HU   0.13%

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Liberty, IN - Peer Comparisons by Rank and Percentile

The table below compares Liberty to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 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 # 204 70th
Population Density # 38 95th
Median Household Income # 590 13th
Housing Affordability Index # 348 51st
Per Capita Income # 601 12th
Diversity Index # 225 67th

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

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