Median Income
$33,846
household / year
Median Home Value
$75,000
owner-occupied
Median Rent
$769
gross / month
Cost of Living
89
national avg = 100

Is Redkey, IN a Good Place to Live?

Redkey is a small town of 1,547 in Indiana, with a median household income of $33,846 and a 4.8% unemployment rate. Its cost of living index is 89 (US average = 100), which is 11% below the national average.

Strengths: Redkey stands out for an affordable cost of living, below-average home prices, solid school ratings (B-), short average commutes.

Trade-offs: No major red flags stand out in the available data. Whether Redkey is right for you depends on your priorities — the full breakdown is below.

All Redkey city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 89.3

Redkey's overall cost of living index is 89.3, where 100 represents the US national average. Living in Redkey costs roughly 11% less than the average American city.

Metric Redkey, IN National Avg
Median Home Value $75,000 $244,900
Median Monthly Rent $769 $1,163
Homeownership Rate 71.8% 65.9%
Median Household Income $33,846 $74,755

Crime & Safety

Crime data for Redkey is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Redkey is served primarily by Jay School Corporation. The student-to-teacher ratio is 13.8:1 (better than the national average of ~16:1).

Metric Redkey, IN National Avg
School District Jay School Corporation —
Elementary Schools 5 —
Middle Schools N/A —
High Schools 1 —
Student/Teacher Ratio 13.8:1 16:1
Bachelor's Degree or Higher 10.8% 35.4%
High School Diploma or Higher 89.0% 91.1%

Weather & Climate

Redkey sees average highs of 34.6°F in January and 84.4°F in July, with 41.4 inches of annual precipitation and 20.9 inches of snow per year.

MetricRedkey, IN
Average High — January34.6°F
Average High — July84.4°F
Annual Precipitation41.4"
Annual Snowfall20.9"

Demographics

MetricRedkey, INNational Avg
Population1,547—
Median Age31.538.9
Unemployment Rate4.8%3.7%
Avg Commute Time21.3 min26 min
White (non-Hispanic)88.2%59.3%
Black or African American0.0%13.6%
Hispanic or Latino10.0%18.9%
Asian1.2%6.3%
Under 1834.8%22.2%
65 and over15.1%16.8%

Nearby Cities

ZIP Codes in Redkey

Redkey, IN is covered by 1 ZIP code:

Redkey vs Other Cities

Frequently Asked Questions

Redkey's cost of living index is 89, where 100 is the national average. That makes Redkey roughly 11% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $75,000 and median rent is $769/month.
Crime data for Redkey is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Redkey are operated by Jay School Corporation. The district has 5 elementary, several middle, and 1 high schools. The student-to-teacher ratio is 13.8:1. 10.8% of adults 25+ hold a bachelor's degree or higher.
Redkey, IN has a population of 1,547, a median household income of $33,846, and an unemployment rate of 4.8%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Redkey averages 34.6°F in January and 84.4°F in July. Annual rainfall is 41.4 inches with about 20.9 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Redkey, IN is covered by 1 ZIP code: 47373.
The population of Redkey, Indiana is 1,547 with a median age of 31.5. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Redkey: cost of living index 89 (100 = US average), median home $75,000, median household income $33,846, schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Redkey side by side with your current city to see the trade-offs.