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The total population of Paoli is estimated to be 3,286 with 1,512 males (46.01%) and 1,774 females (53.99%). There are 262 more females than males in Paoli.
The median household income in Paoli was $41,161 in 2021, which marked an an increase of 1,798(4.57%) from $39,363 in 2020. This income is 55.17% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Paoli sees its highest median household income among householders in the age group of 45 to 64 years old, at $50,803. Overall, the median household income for the town of Paoli stands at $41,161.
In Paoli, the median income for all workers aged 15 years and older, regardless of work hours, was $28,841 for males and $20,461 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $43,174 for males and $34,702 for females.
In Paoli, there are just two different racial groups among households. Among these, White households report a median household income of $41,355, while Two or More Races households have a median household income of $33,707.
In 2022, the population of Paoli was 3,601, a 1.07% decrease year-by-year from 2021. Previously, in 2021, Paoli's population was 3,640, a decline of 0.36% compared to a population of 3,653 in 2020.
The median age in Paoli, IN is 36.4, as per 2021 ACS 5-Year Estimates. Of the total population, 19.84% were under the age of 15, 21.56% aged 15 to 29, 38.13% aged 30 to 64, 16.82% aged 65 to 84, and 3.65% were 85 years of age and older.
Racial distribution of Paoli population: 92.81% are White, 0.33% are Black or African American, 0.60% are Asian and 6.26% are multiracial.