Indianapolis city, Indiana

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2022 5-Year Estimates
882,006
Population
$59,110
Median Income
$184,600
Home Value
34.3
Median Age

Demographics

Indianapolis city has a population of 882,006 with a median age of 34.3. Here is the racial and ethnic breakdown of the population:

White
55.7%
Black
28.8%
Hispanic
10.9%
Asian
4.2%
Demographic Value
Total Population882,006
Median Age34.3
White55.7%
Black or African American28.8%
Asian4.2%
Hispanic or Latino10.9%

Income & Economy

The median household income in Indianapolis city is $59,110, which is 21.3% below the national median of $75,149. The per capita income is $34,592. The poverty rate is 15.9%.

$59,110
Median Household Income
$34,592
Per Capita Income
15.9%
Poverty Rate

Employment

The unemployment rate in Indianapolis city is 5.6%, compared to the national rate of 5.4%.

Education

In Indianapolis city, 87.2% of residents age 25+ have a high school diploma or higher, and 33.4% hold a bachelor's degree or higher (11.9% with a graduate or professional degree).

HS Diploma+
87.2%
Bachelor's+
33.4%
Graduate+
11.9%
Education Level % of Adults (25+)
High School Diploma or Higher87.2%
Bachelor's Degree or Higher33.4%
Graduate or Professional Degree11.9%

Housing

The median home value in Indianapolis city is $184,600, below the national median of $281,900. The median monthly rent is $1,046. The homeownership rate is 54.9%.

$184,600
Median Home Value
$1,046/mo
Median Rent
54.9%
Homeownership Rate
Housing Metric Value
Median Home Value$184,600
Median Monthly Rent$1,046
Homeownership Rate54.9%
Vacancy Rate10.4%

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Frequently Asked Questions

What is the population of Indianapolis city, Indiana?
The population of Indianapolis city, Indiana is 882,006 according to U.S. Census Bureau ACS 2022 5-Year Estimates.
What is the median household income in Indianapolis city, Indiana?
The median household income in Indianapolis city, Indiana is $59,110. This is 21.3% below the national median of $75,149.
What is the median home value in Indianapolis city, Indiana?
The median home value in Indianapolis city, Indiana is $184,600. The median monthly rent is $1,046.
What percentage of people in Indianapolis city have a college degree?
In Indianapolis city, Indiana, 33.4% of adults age 25 and older hold a bachelor's degree or higher, and 87.2% have a high school diploma or higher.
Is Indianapolis city, Indiana an affordable place to live?
The home price-to-income ratio in Indianapolis city, Indiana is 3.1x (median home value $184,600 vs. median income $59,110), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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