Speedway, IN
Population 13,622 · Indiana
About Speedway, IN
Speedway is a mid-sized city in Indiana with a population of 13,622 residents. The median household income is $57,158 per year, which is near the national average. The median age in Speedway is 35.9 years.
Housing in Speedway has a median home value of $209,400 and median monthly rent of $1,120. Of the 6,441 total housing units, renting is more common than owning, with 2,780 owner-occupied and 3,211 renter-occupied units.
The unemployment rate in Speedway is 4.9% and the poverty rate is 15.4%. 34.4% of residents hold a bachelor's degree or higher. The average commute time is 22.9 minutes.
Cost of Living in Speedway, IN
Compared to national averages, Speedway has a median household income of $57,158 (24% below the national median of $75,149). Home values average $209,400, which is 14% below the national median. Monthly rent at $1,120 is 4% below the US average of $1,163. Within Indiana, Speedway's income is 18% below the state average of $69,330, and home values are 28% above the state median of $163,409.
Why Live in Speedway, IN?
Speedway offers affordable housing with a median home value of $209,400, below the US average of $244,900, and rent that’s lower than the national average at $1,120/month, and a well-educated community where 34.4% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($57,158) that falls below the national average. However, Speedway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Speedway has a population of 13,622 with a median age of 35.9 years. Compare Speedway with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Speedway
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Auburn | 13,464 | $62,339 | $172,800 | Compare |
| Bedford | 13,824 | $50,253 | $136,900 | Compare |
| Connersville | 13,241 | $45,679 | $96,300 | Compare |
| Lake Station | 13,109 | $56,306 | $124,800 | Compare |
| Chesterton | 14,326 | $88,536 | $280,400 | Compare |
| Cedar Lake | 14,686 | $79,177 | $259,900 | Compare |
| Madison | 12,277 | $57,050 | $186,600 | Compare |
| Washington | 12,192 | $50,000 | $130,700 | 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.
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Frequently Asked Questions about Speedway
What is the population of Speedway, IN?
The population of Speedway, IN is 13,622 according to the latest Census data.
What is the median household income in Speedway?
The median household income in Speedway, IN is $57,158 per year.
What is the median home value in Speedway?
The median home value in Speedway, IN is $209,400.
What is the average rent in Speedway?
The median monthly rent in Speedway, IN is $1,120.
What is the unemployment rate in Speedway?
The unemployment rate in Speedway, IN is 4.9%.