Indianapolis city (balance), Indiana Income Statistics
Indianapolis city (balance) Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Indianapolis city (balance) Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Indianapolis city (balance) | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,613 | $71,967 | $80,455 |
| Median Personal Income | $53,447 | $55,757 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.5% | 4.8% |
| Six-Figure Earners | 10.1% | 10.2% | 13.9% |
| $200k+ Households | 7.8% | 8.2% | 13.2% |
The median household income in Indianapolis city (balance) is about 7% lower than in Indiana. Income has been growing faster in Indianapolis city (balance) (5.5%/yr) than in Indiana (4.5%/yr).
About 10% of adults in Indianapolis city (balance) earn six figures ($100,000 or more) a year, about the same as the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Indianapolis city (balance), Indiana grew by 54.1% from 2009 to 2024, reaching $66,613 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Indianapolis city (balance)
| Metric | Indianapolis city (balance) | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.534 | 0.552 |
| Male Median Income | $60,049 | $65,086 | $69,667 |
| Female Median Income | $52,819 | $51,220 | $56,850 |
| Gender Pay Gap | 12.0% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Indianapolis city (balance), it is 0.530, about the same as Indiana's 0.534, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Indianapolis city (balance), Indiana. Over a 35-year career, a 14% wage gap accumulates to roughly $253,050 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Indianapolis city (balance), Indiana has narrowed from about 18% to 12% in 2024. Over that period the gap was widest at 19% in 2010. In dollar terms, the gap has narrowed by $615 since 2009.
Employment
| Metric | Indianapolis city (balance) | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.3% | 5.2% |
| Working from Home | 14.1% | 10.7% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 23,708 people are unemployed in Indianapolis city (balance), Indiana.
The average commute time in Indianapolis city (balance) is 22 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Indianapolis city (balance), Indiana has fallen from 10.7% to 5.1% in 2024. Over that period the rate peaked at 11.9% in 2013.
Conclusion
Considering all these factors, Indianapolis city (balance), Indiana has an overall wealth index grade of C, making it about on par with Indiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Indianapolis city (balance), Indiana.
How Wealthy Is Indianapolis city (balance), Indiana?
Indianapolis city (balance) has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $66,613, about 7% lower than the Indiana average of $71,967.
Are incomes growing in Indianapolis city (balance), Indiana?
Between 2009 and 2024, the median household income in Indianapolis city (balance), Indiana rose 54%, from $43,229 to $66,613. Over the same years, income here outpaced Indiana as a whole: +54% against +52%.
What was the median household income in Indianapolis city (balance) in 2023?
In 2023, the median household income in Indianapolis city (balance), Indiana was $63,428, up 7% from $59,175 in 2022. The Indiana median that year was $70,115.
What was the median household income in Indianapolis city (balance) in 2020?
In 2020, the median household income in Indianapolis city (balance), Indiana was $51,136. By 2024 it had risen 30% to $66,613.
What is the Gini coefficient in Indianapolis city (balance), Indiana?
The Gini coefficient in Indianapolis city (balance) is 0.530. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Indianapolis city (balance), Indiana?
Since 2009, the income gap between men and women in Indianapolis city (balance), Indiana has narrowed from about 18% to 12% in 2024. Over that period the gap was widest at 19% in 2010. In dollar terms, the gap has narrowed by $615 since 2009.
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