Indianapolis-Carmel-Greenwood, IN Metro Area

Metro Area

Population: 2,106,327 (2023 estimate)

Core-Based Statistical Area (CBSA)

Metro area data from the U.S. Census Bureau. Core-Based Statistical Areas (CBSAs) are defined by the Office of Management and Budget and group counties with a central urban core plus surrounding communities that are economically tied to it. Metro areas often cross county and state lines, making them the best unit for understanding regional labor markets, housing costs, and commute patterns.

Metro income rankings Compare to another metro

Trends 2017–2023

Income Poverty Home Values Rent Homeownership Education Unemployment Commute Time Work From Home Foreign-Born Uninsured

Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).

Quick Facts — Indianapolis-Carmel-Greenwood, IN Metro Area

What is the median household income in Indianapolis-Carmel-Greenwood, IN Metro Area?: The median household income in Indianapolis-Carmel-Greenwood, IN Metro Area is $77,065 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in Indianapolis-Carmel-Greenwood, IN Metro Area?: The poverty rate in Indianapolis-Carmel-Greenwood, IN Metro Area is 7.4% (U.S. Census Bureau ACS 2023).
What is the median home value in Indianapolis-Carmel-Greenwood, IN Metro Area?: $244,000 (U.S. Census Bureau ACS 2023).
What is the average rent in Indianapolis-Carmel-Greenwood, IN Metro Area?: The median gross rent in Indianapolis-Carmel-Greenwood, IN Metro Area is $1,142 per month (U.S. Census Bureau ACS 2023).
What percentage of Indianapolis-Carmel-Greenwood, IN Metro Area residents have a college degree?: 37.8% of adults in Indianapolis-Carmel-Greenwood, IN Metro Area hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

2,106,327

Median Income

$77,065

Median Home Value

$244,000

Poverty Rate

7.4%

Unemployment (ACS 2023)

4.1%

Median Age

36.0 yrs

Since 2019 Median Income: +$15,513 (+25.2%) Home Value: +$80,900 (+49.6%) Poverty Rate: -1.1 pp (-12.9%) Bachelor's+: +3.1 pp (+8.9%) Unemployment: -0.7 pp (-14.6%)

Demographics

Total Population 2,106,327

Median Age 36.0

Female 50.9%

Race & Ethnicity

Hispanic or Latino 8.6% White (non-Hisp.) 68.3% Black 15.1% Asian 3.8% Two or More 6.5% Other 3.4%

Asian Subgroups (% of total pop.)

Indian

1.2%

Chinese

0.5%

Filipino

0.3%

Korean

0.2%

Vietnamese

0.1%

Japanese

0.1%

Hispanic Subgroups (% of total pop.)

Mexican

5.4%

Puerto Rican

0.6%

Cuban

0.2%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $77,065 ±$873

Per Capita Income $108,475

Median Family Income $98,990

Poverty Rate 7.4%

Child Poverty Rate 11.1%

Working-Age Poverty Rate —

SNAP Recipients 8.7%

Social Security Income —

Retirement Income 22.8%

Household Income Distribution

< $10k

4.6%

$10–15k

3.1%

$15–25k

6.0%

$25–35k

6.6%

$35–50k

11.2%

$50–75k

17.3%

$75–100k

13.2%

$100–150k

17.5%

$150–200k

9.5%

$200k+

11.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 898,849

Owner-Occupied 66.6%

Renter-Occupied 33.4%

Vacancy Rate 7.8%

Median Home Value $244,000

Median Gross Rent $1,142

Owner Cost Burden (30%+) 14.3%

Renter Cost Burden (30%+) 38.3%

Home Value Distribution

< $50k

4.1%

$50–100k

6.8%

$100–200k

10.8%

$200–300k

27.2%

$300–500k

24.8%

$500k–$1M

9.9%

$1M+

1.7%

Gross Rent Distribution

< $500

4.8%

$500–1k

30.7%

$1–1.5k

41.9%

$1.5–2k

15.6%

$2–2.5k

4.7%

$2.5–3.5k

1.4%

$3.5k+

0.9%

Vehicle Availability

No vehicle

5.6%

1 vehicle

32.9%

2 vehicles

40.2%

21.3%

Housing Type

Single-fam. det.

69.3%

Single-fam. att.

6.0%

2–4 units

1.8%

5–19 units

6.0%

20+ units

5.8%

Mobile home

2.2%

Housing Age

Pre-1940

12.2%

1940–1969

4.3%

1970–1999

11.7%

2000–2009

14.9%

2010+

10.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 91.1%

Bachelor's or Higher 37.8%

Graduate Degree 13.8%

Some College / Associate 18.4%

Less Than High School 3.1%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 67.8%

Unemployment Rate 4.1%

Work from Home 14.0%

Self-Employed 4.4%

Government Workers 11.6%

Private For-Profit 83.8%

Industry

Edu/Health

23.0%

Prof. Services

12.4%

Manufacturing

12.0%

Retail

11.0%

Arts/Entmt.

7.9%

Transportation

7.2%

Finance

6.9%

Construction

6.4%

Public Admin

4.1%

Wholesale

2.6%

Information

1.3%

Agriculture

0.6%

Occupation

Management

43.7%

Sales

20.2%

Production

14.8%

Food Prep

14.0%

Construction

7.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 25.4 min

Drove Alone 74.5%

Carpool 8.4%

Public Transit 0.7%

Work from Home 14.0%

Walked 1.3%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 829,040

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 47.7%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 19.9%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

6.3%

5–9

6.8%

10–14

7.2%

15–19

6.6%

20–24

6.2%

25–34

14.3%

35–44

13.7%

45–54

12.4%

55–64

6.3%

65–74

5.9%

75–84

8.8%

85+

3.9%

Under 18: 24.6% Working age (18–64): 75.4% 65 and over: 14.3%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 8.4%

Naturalized Citizen 41.0%

Speaks English Less Than Very Well 5.0%

Foreign-Born Origin

Latin America

40.8%

Asia

33.5%

Africa

17.4%

Europe

6.9%

Veterans & Disability

Veteran 6.0%

With a Disability 12.4%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 93.0%

Uninsured 7.0%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 90.9%

Has a Computer 95.2%

Same House 1 Year Ago 86.7%

Moved from Abroad 0.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023