Official Federal Data
Hendricks County, Indiana
FIPS 18063 · Indianapolis-Carmel-Greenwood, IN · Population 183,344
9 Sources
Updated June 22, 2026
$101,144 ▲
Median Income
$80,734 national
3% ▼
Unemployment
4% national
$10.4B ▲
GDP
39.5% ▲
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
$101,144 ▲
Per Capita
$45,280 ▲
Mean Household
$122,514 ▲
Poverty Rate
5.3% ▲
Median Income Comparison
Hendricks County$101,144
Indiana$71,957
National$80,734
Population Profile
Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
Cohorts
Under 18 · 24.5%
18-34 · 20.3%
35-54 · 28.1%
55-64 · 12%
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+
93.3%
High School+
National: 89.6%
▲ +3.7 pts
39.5%
Bachelor's+
National: 35.7%
▲ +3.8 pts
13.9%
Graduate+
National: 14.1%
▼ 0.2 pts
Employment Overview
Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
183,344
Population
97,918
Labor Force
Employed
95,236
Unemployment Rate BLS LAUS 2025 annual
3% ▼ 0.3 pts YoY
Mean Commute 1 min below national avg
25.3 min
Work From Home vs 15.1% national
14.8%
Key Takeaways
- Income premium: Households earn well above the national median, supporting strong retail and housing markets.
Economy & Industry
Bureau of Labor Statistics QCEW · Bureau of Economic Analysis
Key Takeaways
- Largest sector: Transportation and Warehousing employs 16,820 workers (25.5% of tracked sectors), at an average wage of $56,348.
- Economic scale: Regional GDP of $10.4B (2024).
- Wage stratification: Construction averages $80,812 while Accommodation and Food Services averages $23,198, a 3.5x 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
14,137
Cluster Employment
11.85x
Peak LQ
Concentrated Sub-Sectors
Warehousing and Storage
11.85x 11,774
Printing and Related Support Activities
3.10x 558
Truck Transportation
3.06x 2,363
General Merchandise Retailers
2.15x 3,636
Sporting Goods, Hobby, Musical Instrument, Book, and Misc. Retailers
1.98x 1,533
Merchant Wholesalers, Durable Goods
1.79x 3,188
Motor Vehicle and Parts Dealers
1.69x 1,810
Utilities
1.63x 513
Attraction Opportunities
LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.12x
Publishing Industries and Telecommunications
57 employed
0.12x
Securities, Commodity Contracts, Investments
70 employed
0.16x
Machinery Manufacturing
92 employed
Key Takeaways
- Top specialization: Warehousing and Storage concentrates at 11.85x 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
$307,600 ▲
Median Home Value vs 2019
$1,436 ▲
Rent/Mo
78.2% ▼
Owner-Occ
3.7% ▼
Vacancy
3.0x
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 (~$2,529/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: 78.2% 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 (~$2,529/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
110,782 ▲
Working Age (18-64) vs 2019
Mean Commute 1 min below national avg
25.3 min
Work From Home vs 15.1% national
14.8%
Prime-Age Employed (25-54)
85.5%
of prime-age population
▼ vs 2019
Education & Talent Pipeline
Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
39.5% ▲
HS Diploma+
93.3% ▼
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
19.9%
55-64 of working-age population (18-64)
Workforce by Occupation
Source: Census ACS 2020-2024 · Table C24010 · Civilian employed population 16+
Management / Professional
47.4%
Service
12%
Sales & Office
19%
Construction / Maint.
6.4%
Production / Transport
15.2%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 95,236 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
Hendricks County shows strong potential for warehousing and storage attraction, with a 11.85x concentration and 11,774 jobs in this sub-sector. It ranks in the top decile nationally.
The interconnected base across warehousing and storage, printing and related support activities, and truck transportation 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 Hendricks County, Indiana, from federal data sources.
What is the population of Hendricks County, Indiana?
183,344 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the median household income in Hendricks County, Indiana?
$101,144 (U.S. Census Bureau, ACS 5-Year Estimates).
What is the unemployment rate in Hendricks County, Indiana?
3% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).
What is the GDP of Hendricks County, Indiana?
$10.4B (U.S. Bureau of Economic Analysis, CAGDP1).
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