Official Federal Data
Boone County, Indiana
FIPS 18011 · Indianapolis-Carmel-Greenwood, IN · Population 74,718
9 Sources
Updated June 22, 2026
$111,250 ▲
Median Income
$80,734 national
2.8% ▼
Unemployment
4% national
$6.4B ▲
GDP
51.7% ▲
Bachelor's+
35.7% national
Demographics & Population
Census Bureau American Community Survey 2020-2024 · 5-Year Estimates
Household Income
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
Median Household
$111,250 ▲
Per Capita
$59,577 ▲
Mean Household
$154,426 ▲
Poverty Rate
4.5% ▼
Median Income Comparison
Boone County$111,250
Indiana$71,957
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 25.5%
18-34 · 19.4%
35-54 · 27.9%
55-64 · 12.2%
65+ · 15%
Race & Ethnicity
Hispanic or Latino is an ethnic category and overlaps with the race categories above.
Educational Attainment
Source: Census Bureau ACS 2020-2024 · Table B15003 · Population 25+
94.9%
High School+
National: 89.6%
▲ +5.3 pts
51.7%
Bachelor's+
National: 35.7%
▲ +16.0 pts
21%
Graduate+
National: 14.1%
▲ +6.9 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
74,718
Population
40,195
Labor Force
Employed
39,077
Unemployment Rate BLS LAUS 2025 annual
2.8% ▼ 0.4 pts YoY
Mean Commute 3 min below national avg
23.6 min
Work From Home vs 15.1% national
20.2%
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong retail and housing markets.
- Talent advantage: Bachelor's-or-higher attainment exceeds the national average by 16.0 pts, supports knowledge-economy and tech attraction.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Transportation and Warehousing employs 14,381 workers (41.1% of tracked sectors), at an average wage of $54,465.
- Economic scale: Regional GDP of $6.4B (2024).
- Wage stratification: Finance and Insurance averages $131,864 while Accommodation and Food Services averages $24,059, a 5.5x spread in the same local economy, with implications for workforce development and talent strategy.
Source: BLS QCEW + BEA Regional GDP.
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Industry Concentration
Location Quotient measures regional specialization vs. national average. LQ > 1.0 = concentrated.
Cluster Depth
Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Transportation & Warehousing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
13,820
Cluster Employment
21.49x
Peak LQ
Concentrated Sub-Sectors
Warehousing and Storage
21.49x 12,552
Support Activities for Transportation
2.26x 568
Health and Personal Care Retailers
2.25x 731
Food Manufacturing
1.79x 979
Nonmetallic Mineral Product Manufacturing
1.72x 219
Merchant Wholesalers, Nondurable Goods
1.66x 1,118
Truck Transportation
1.54x 700
Merchant Wholesalers, Durable Goods
1.50x 1,566
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.24x
Accommodation
140 employed
0.26x
Credit Intermediation and Related Activities
205 employed
Key Takeaways
- Top specialization: Warehousing and Storage concentrates at 21.49x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
- Cluster depth: 8 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
- Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.
Source: BLS QCEW sub-sector Location Quotients.
Housing & Affordability
Census ACS · HUD Fair Market Rents FY2026
Housing Overview
Source: Census Bureau ACS 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$376,200 ▲
Median Home Value vs 2019
$1,359 ▲
Rent/Mo
78.8% ▲
Owner-Occ
3.4% ▼
Vacancy
3.4x
Home Value to Income Ratio
vs. ~4.1x national average
HUD Fair Market Rents
Source: HUD · Fair Market Rents FY2026
Studio
$1,118/mo
1 Bedroom
$1,267/mo
2 Bedroom
$1,473/mo
3 Bedroom
$1,907/mo
4 Bedroom
$2,338/mo
30% of monthly median household income (~$2,781/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
- In line with national: Home value to income ratio of 3.4x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
- High home ownership: 78.8% owner-occupied; rental supply may be tight for incoming workers.
- Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$2,781/mo), a clear cost-of-living advantage for workforce attraction.
Source: Census ACS housing tables + HUD Fair Market Rents.
Workforce Pipeline
Labor force readiness, commuting, and workforce composition
Labor Market Overview
Source: Census ACS 2020-2024 · Tables B01001, B23025, B08303, B08301
44,458 ▲
Working Age (18-64) vs 2019
Mean Commute 3 min below national avg
23.6 min
Work From Home vs 15.1% national
20.2%
Prime-Age Employed (25-54)
85.7%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
51.7% ▲
HS Diploma+
94.9% ▲
Regional / Statewide Institutions
Total credentials awarded
85,358/yr
31,118/yr
15,107/yr
13,356/yr
11,087/yr
8,172/yr
6,518/yr
Aging Workforce
Source: Census Bureau ACS · Derived from age & employment tables
20.5%
55-64 of working-age population (18-64)
Elevated retirement risk, above the 20% threshold. Succession planning recommended.
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
53.4%
Service
10.4%
Sales & Office
18.3%
Construction / Maint.
6.3%
Production / Transport
11.5%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 39,077 employed workers.
Key Takeaways
- Talent pipeline: 6 regional institutions feed the workforce; the top three combined produce 59,581 annual credentials.
Source: ACS workforce data and College Scorecard.
AI Insights
AI-assisted analysis, drawn from 9 federal data sources
Sample AI Insight
Boone County shows strong potential for warehousing and storage attraction, with a 21.49x concentration and 12,552 jobs in this sub-sector. It ranks in the top decile nationally.
The interconnected base across warehousing and storage, support activities for transportation, and health and personal care retailers creates supply-chain attraction leverage rather than single-employer risk, 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
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Data Sources
Updated from official federal government data.
Census ACS 5-Year2024
BLS QCEW2025 annual
BLS LAUS (via FRED)2025 annual
BEA Regional GDP2024
Census CBP2023
HUD Fair Market RentsFY2026
FCC Broadband Map2024
USAspending.govFY2026
College ScorecardAY 2022-23
Frequently Asked Questions
Key economic and demographic figures for Boone County, Indiana, from federal data sources.
What is the population of Boone County, Indiana?
74,718 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Boone County, Indiana?
$111,250 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Boone County, Indiana?
2.8% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Boone County, Indiana?
$6.4B (U.S. Bureau of Economic Analysis, CAGDP1).
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