In the 2020 census, the population of Cannelburg is projected to reach 184, an increase of 4.55% from the 2010 census. Cannelburg has a median household income of $54,375 and a poverty rate of 4.63%. Its median rent is $983 per month, and the median house value is $110,200. Males live in Cannelburg in a median age of 55.5 years, while females live longer.
A census-report shows that the majority of residents in Cannelburg are white, with only a small percentage of Black and Native American residents living below the poverty line. While this percentage is much lower than the national average of 14.1%, it still remains high compared to neighboring geographies. According to the Census Bureau, a family must have an income that is less than the poverty level to be considered poor. The poverty threshold refers to the total household income, not the individual income, in order to be considered poor.
The median household income in Cannelburg, Indiana, is $54,375, which is slightly lower than the national average of $65,712. However, the median household income in Cannelburg, IN increased by 2.35% from 2018 to 2019. Full-time male employees in Cannelburg earned on average 1.4 times as much as their female counterparts, according to the Bureau of Labor Statistics. The highest-paying occupation in Cannelburg, IN, is Transportation & Warehousing, with an average salary of $51,250.