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The total population of Shoals is estimated to be 655 with 337 males (51.45%) and 318 females (48.55%). There are 19 less females than males in Shoals.
The median household income in Shoals was $38,170 in 2021, which marked an an increase of 1,021(2.75%) from $37,149 in 2020. This income is 51.16% 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, Shoals sees its highest median household income among householders in the age group of 45 to 64 years old, at $61,882. Overall, the median household income for the town of Shoals stands at $38,170.
In Shoals, the median income for all workers aged 15 years and older, regardless of work hours, was $35,841 for males and $22,471 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,904 for males and $33,972 for females.
In Shoals, population is primarily represented by White households, reporting a median income of $38,170.
In 2022, the population of Shoals was 675, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Shoals's population was 675, a decline of 0.15% compared to a population of 676 in 2020.
The median age in Shoals, IN is 57.3, as per 2021 ACS 5-Year Estimates. Of the total population, 4.45% were under the age of 15, 9.79% aged 15 to 29, 50.71% aged 30 to 64, 27.05% aged 65 to 84, and 8.01% were 85 years of age and older.
Racial distribution of Shoals population: 96.62% are White and 3.38% are Black or African American.