Indiana

Name: Indiana Economic Profile
Creator: ExecutivePulse

FIPS 18 · Population 6,851,073

6 Sources Updated June 22, 2026

6.9M ▲

Population

334,922,499 U.S.

$71,957 ▲

Median Income

$80,734 national

$519.5B

GDP

Unemployment

4% national

Community Data / United States / Indiana

County Map Demographics Economy Industry Concentration Housing Workforce Counties AI Insights

County Map

Click a county to view its economic profile

Demographics & Population

Census Bureau American Community Survey 2024 · 5-Year Estimates

Household Income

Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates

Median Household

$71,957

Per Capita

$38,351

Mean Household

$95,247

Poverty Rate

12.3% ▼

Age & Race / Ethnicity

Source: Census Bureau ACS 2024 · Tables B01001, B02001, B03003

Cohorts

Under 18 · 23.3%

18-34 · 22.8%

35-54 · 24.7%

55-64 · 12.5%

65+ · 16.8%

Race & Ethnicity

White77.1%

Black or African American9.2%

Asian2.6%

Hispanic or Latino(any race)8.6%

Hispanic or Latino is an ethnic category and overlaps with the race categories above.

Educational Attainment

Source: Census Bureau ACS 2024 · Table B15003 · Population 25+

90.4%

High School+

National: 89.6%

▲ +0.8 pts

29.5%

Bachelor's+

National: 35.7%

▼ 6.2 pts

10.8%

Graduate+

National: 14.1%

▼ 3.3 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2024 5-Year Estimates

6,851,073

Population

3,477,051

Labor Force

Employed

3,323,528

Unemployment Rate BLS LAUS 2024 annual

Mean Commute 2 min below national avg

24.1 min

Work From Home vs 15.1% national

10.7%

Indiana's median household income sits 11% below the national median. At 12.3%, its poverty rate runs 0.2 pts below the ~12.5% national level, relevant for federal funding eligibility narratives. Bachelor's-or-higher attainment of 29.5% trails the national average of 35.7%.

Source: U.S. Census Bureau American Community Survey 2024 5-Year Estimates (released December 2025). Figures reflect the most recent Census release, older news reports may cite prior vintages.

Key Takeaways

Talent gap: Bachelor's-or-higher attainment trails the national average by 6.2 pts, relevant for advanced-services attraction strategy.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$519.5B

Gross Domestic Product · 2024

Source: Bureau of Economic Analysis · SAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual

Industry	Employment	% of Top Sectors	Avg Wage
1Manufacturing	517,542	22.5%	$84,001
2Health Care and Social Assistance	459,289	19.9%	$65,161
3Retail Trade	312,657	13.6%	$38,535
4Accommodation and Food Services	271,871	11.8%	$23,975
5Administrative and Support and Waste Management	170,153	7.4%	$48,474
6Transportation and Warehousing	166,479	7.2%	$60,806
7Professional, Scientific, and Technical Services	150,774	6.5%	$96,533
8Finance and Insurance	104,219	4.5%	$98,593
9Other Services (except Public Administration)	95,509	4.1%	$47,084
10Educational Services	54,123	2.4%	$54,844

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Key Takeaways

Largest sector: Manufacturing employs 517,542 workers (22.5% of the tracked sectors), at an average wage of $84,001.
Economic scale: State GDP of $519.5B (2024).

Source: BLS QCEW + BEA Regional GDP.

Industry Concentration

Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.

Concentrated Industries

Source: BLS QCEW · 3-digit NAICS sub-sector · Location Quotient vs. national employment share
Same source as the Top Industries table above, sub-sector view surfaces specialization the supersector view masks.

Primary Metal Manufacturing

5.46x

40,546

Transportation Equipment Manufacturing

3.42x

121,549

Furniture and Related Product Manufacturing

3.17x

21,632

Plastics and Rubber Products Manufacturing

2.64x

37,826

Chemical Manufacturing

2.09x

38,177

Miscellaneous Manufacturing

2.07x

25,908

Machinery Manufacturing

2.01x

44,815

Fabricated Metal Product Manufacturing

1.91x

55,919

Wood Product Manufacturing

1.76x

14,479

Warehousing and Storage

1.73x

67,516

Attraction Opportunities - Below-Average Industries

LQ < 0.5, below-average employment, potential attraction targets. Source: BLS QCEW · 3-digit NAICS sub-sector

0.05x

Monetary Authorities - Central Bank

21 employed

0.09x

Support Activities for Mining

480 employed

0.11x

Scenic and Sightseeing Transportation

70 employed

0.26x

Support Activities for Agriculture and Forestry

2,045 employed

0.32x

Apparel Manufacturing

518 employed

0.32x

Air Transportation

3,779 employed

0.32x

Transit and Ground Passenger Transportation

3,686 employed

0.37x

Motion Picture and Sound Recording Industries

2,766 employed

Key Takeaways

Top specialization: Primary Metal Manufacturing concentrates at 5.46x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity.
Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base across the state.
Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment.

Source: BLS QCEW sub-sector Location Quotients.

Industry Employment Composition

Indiana's Top Sectors by Workforce Share

Each rectangle's area is proportional to that sector's share of the top private supersectors. Hover for exact employment.

Source: Bureau of Labor Statistics QCEW 2025 Annual · Private sector, NAICS supersectors

Housing & Affordability

Census ACS · HUD Fair Market Rents FY2026

Housing Overview

Source: Census Bureau ACS 2024 5-Year Estimates · Tables B25001, B25077, B25064

$218,200 ▲

Median Home Value vs 2019

$1,062 ▲

Rent/Mo

70.6% ▲

Owner-Occ

8.8% ▼

Vacancy

3.0x

Home Value to Income Ratio

vs. ~4.1x national average

HUD Fair Market Rents (Statewide)

Renter-household-weighted average across 92 Fair Market Rent areas · Source: HUD · Fair Market Rents FY2026

Studio

$948/mo$659 to $1,233

1 Bedroom

$1,044/mo$729 to $1,267

2 Bedroom

$1,255/mo$956 to $1,473

3 Bedroom

$1,589/mo$1,146 to $1,907

4 Bedroom

$1,858/mo$1,266 to $2,338

30% of monthly median household income (~$1,799/mo) · rents above this line are typically considered cost-burdened.

Key Takeaways

In line with national: Home value to income ratio of 3.0x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
High home ownership: 70.6% owner-occupied; rental supply may be tight for incoming workers.

Source: Census ACS housing tables.

Workforce Pipeline

Labor force readiness, commuting, and workforce composition

Labor Market Overview

Source: Census ACS 2024 · Tables B01001, B23025, B08303, B08301

4,109,025 ▲

Working Age (18-64) vs 2019

▲ vs 2019

Mean Commute

24.1 min

Work From Home

10.7%

Education & Talent Pipeline

Source: Census ACS 2024 · Table B15003 · College Scorecard

Bachelor's+

29.5%

HS Diploma+

90.4%

Top Institutions

Degrees, certificates, and other credentials awarded last academic year (College Scorecard).

Ivy Tech Community College 31,118/yr

Purdue University Global 15,107/yr

Purdue University-Main Campus 13,356/yr

Indiana University-Bloomington 11,087/yr

Indiana University-Indianapolis 8,172/yr

Ball State University 6,518/yr

Aging Workforce

Source: Census Bureau ACS · Derived from age & employment tables

20.9%

55-64 of working-age population (18-64)

Elevated retirement risk, above the 20% threshold. Succession planning recommended.

Workforce by Occupation

Source: Census ACS 2024 · Table C24010 · Civilian employed population 16+

Management / Professional

38%

Service

15.2%

Sales & Office

19.1%

Construction / Maint.

8.7%

Production / Transport

19.1%

Bars scaled 2× for visual differentiation; percentage labels show actual share of 3,323,528 employed workers.

Key Takeaways

Source: ACS workforce data.

County Profiles

92 counties in Indiana

AI Insights

AI-assisted analysis, drawn from 6 federal data sources

Sample AI Insight

Indiana shows strong potential for primary metal manufacturing attraction, with a 5.46x concentration and 40,546 jobs in this sub-sector.

Cluster depth across primary metal manufacturing, transportation equipment manufacturing, and furniture and related product manufacturing creates supply-chain attraction leverage, a structural advantage for industrial recruitment.

Industry Shift Analysis

Manufacturing Automation Risk

High

Healthcare Growth Forecast

+4.2% CAGR

Remote Work Migration

67/100

Prospect Match Scores

Advanced Manufacturing

92/100

Life Sciences

84/100

Data Centers

71/100

Illustrative example

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Data Sources

Updated from official federal government data.

Census ACS 5-Year2024

BLS QCEW2025

BEA Regional GDP2024

Census CBP2024

HUD Fair Market RentsFY2026

USAspending.govFY2026

Frequently Asked Questions

Key economic and demographic figures for Indiana, from federal data sources.

What is the population of Indiana?

6,851,073 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Indiana?

$71,957 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Indiana?

4% (2024 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Indiana?

$519.5B (BEA SAGDP (state GDP)).

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