Indianapolis city (balance), Indiana, IN
Population 882,043 · Indiana
About Indianapolis city (balance), Indiana, IN
Indianapolis city (balance), Indiana is a major city located in Indiana with a population of 882,043 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,995 per year, which is 16% below the national median of $75,149. The median age of 34.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Indianapolis city (balance), Indiana features a median home value of $207,000, which is 15% below the national median of $244,900. This positions Indianapolis city (balance), Indiana in a moderately priced market relative to the rest of the country. Median monthly rent is $1,112, 4% below the national average of $1,163/month. Of the 399,634 total housing units, 55% are owner-occupied (199,012 units) and 45% are renter-occupied (160,653 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Indianapolis city (balance), Indiana shows an unemployment rate of 5.2%, which is near the national rate of 3.7%. The poverty rate stands at 15.7%, above the national average of 12.4%. Workers in Indianapolis city (balance), Indiana have an average one-way commute time of 24.3 minutes.
Education & Demographics
34.2% of Indianapolis city (balance), Indiana residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 8.7% White, 1.6% Hispanic or Latino, 0.8% Black or African American, and 3.5% Asian residents, with 11.6% of the population being foreign-born.
How Indianapolis city (balance), Indiana Ranks in Indiana
Cost of Living in Indianapolis city (balance), Indiana, IN
Compared to national averages, Indianapolis city (balance), Indiana has a median household income of $62,995 (16% below the national median of $75,149). Home values average $207,000, which is 15% below the national median. Monthly rent at $1,112 is 4% below the US average of $1,163. Within Indiana, Indianapolis city (balance), Indiana's income is 9% below the state average of $69,330, and home values are 27% above the state median of $163,409.
Why Live in Indianapolis city (balance), Indiana, IN?
Indianapolis city (balance), Indiana offers affordable housing with a median home value of $207,000, below the US average of $244,900, and rent that’s lower than the national average at $1,112/month, and a well-educated community where 34.2% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($62,995) that falls below the national average. However, as a major city, Indianapolis city (balance), Indiana provides access to a wide range of amenities and services.
Indianapolis city (balance), Indiana has a population of 882,043 with a median age of 34.1 years. Compare Indianapolis city (balance), Indiana with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Indianapolis city (balance), Indiana
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fort Wayne | 266,235 | $60,293 | $169,700 | Compare |
| Evansville | 116,441 | $52,251 | $129,100 | Compare |
| South Bend | 102,866 | $52,512 | $124,500 | Compare |
| Fishers | 100,918 | $128,141 | $370,200 | Compare |
| Carmel | 100,501 | $134,602 | $455,500 | Compare |
| Bloomington | 78,791 | $48,918 | $289,700 | Compare |
| Hammond | 77,098 | $53,950 | $141,700 | Compare |
| Noblesville | 71,940 | $102,319 | $321,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Indianapolis city (balance), Indiana With Other Cities
Frequently Asked Questions about Indianapolis city (balance), Indiana
What is the population of Indianapolis city (balance), Indiana, IN?
The population of Indianapolis city (balance), Indiana, IN is 882,043 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Indiana.
What is the median household income in Indianapolis city (balance), Indiana?
The median household income in Indianapolis city (balance), Indiana, IN is $62,995 per year, which is 16% below the national median of $75,149.
What is the median home value in Indianapolis city (balance), Indiana?
The median home value in Indianapolis city (balance), Indiana, IN is $207,000, which is 15% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Indianapolis city (balance), Indiana?
The median monthly rent in Indianapolis city (balance), Indiana, IN is $1,112, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Indianapolis city (balance), Indiana?
The unemployment rate in Indianapolis city (balance), Indiana, IN is 5.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Indianapolis city (balance), Indiana, IN a good place to live?
Indianapolis city (balance), Indiana offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 882,043 and a median age of 34.1, the city appeals to young professionals and families.
How educated is Indianapolis city (balance), Indiana, IN?
34.2% of residents in Indianapolis city (balance), Indiana aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Indianapolis city (balance), Indiana?
Key cost-of-living indicators for Indianapolis city (balance), Indiana, IN: median home value is $207,000 (15% below national), median rent is $1,112/month, and median household income is $62,995. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Indianapolis city (balance), Indiana?
The poverty rate in Indianapolis city (balance), Indiana, IN is 15.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Indianapolis city (balance), Indiana, IN?
Indianapolis city (balance), Indiana's population is 8.7% White, 1.6% Hispanic or Latino, 0.8% Black or African American, 3.5% Asian, and 27.8% two or more races. 11.6% of residents are foreign-born.