ExecutivePulse
Official Federal Data

Shelby County, Indiana

FIPS 18145 · Indianapolis-Carmel-Greenwood, IN · Population 45,265
9 Sources Updated June 22, 2026
$72,190
Median Income
$80,734 national
3.3%
Unemployment
4% national
$2.8B
GDP
21.9%
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
$72,190
Per Capita
$36,701
Mean Household
$90,122
Poverty Rate
13%
Median Income Comparison
Shelby County$72,190
Indiana$71,957
National$80,734

Population Profile

Source: Census Bureau ACS 2020-2024 · Tables B01001, B02001, B03003
65+: 18.6% (8,441 residents) 55-64: 14.3% (6,481 residents) 35-54: 24.5% (11,111 residents) 18-34: 20% (9,063 residents) Under 18: 22.5% (10,169 residents) 42 Median Age
Cohorts
Under 18 · 22.5%
18-34 · 20%
35-54 · 24.5%
55-64 · 14.3%
65+ · 18.6%
Race & Ethnicity
White91.2%
Black or African American1.4%
Asian1%
Hispanic or Latino(any race)5.6%
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+
90.9%
High School+
National: 89.6%
▲ +1.3 pts
21.9%
Bachelor's+
National: 35.7%
▼ 13.8 pts
7.2%
Graduate+
National: 14.1%
▼ 6.9 pts

Employment Overview

Source: U.S. Census Bureau · American Community Survey 2020-2024 5-Year Estimates
45,265
Population
22,991
Labor Force
Employed
22,140
Unemployment Rate BLS LAUS 2025 annual
3.3% ▼ 0.3 pts YoY
Mean Commute 2 min below national avg
23.9 min
Work From Home vs 15.1% national
9%
Key Takeaways
  • Talent gap: Bachelor's-or-higher attainment trails the national average by 13.8 pts, relevant for advanced-services attraction strategy.
  • Aging population: Median age of 42 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

Economy & Industry

Bureau of Labor Statistics QCEW · Bureau of Economic Analysis

$2.8B
Gross Domestic Product · 2024
Source: Bureau of Economic Analysis · CAGDP1 Regional GDP

Top Industries by Employment

Source: Bureau of Labor Statistics · Quarterly Census of Employment & Wages 2025 Annual
Top industries by employment in Shelby County, Indiana, with employment, share of top sectors, and average wage
IndustryEmploymentShare of Top 10Avg Wage
1Manufacturing
4,948 38.3%
$77,518
2Health Care and Social Assistance
1,628 12.6%
$59,061
3Retail Trade
1,476 11.4%
$35,535
4Transportation and Warehousing
1,382 10.7%
$58,352
5Administrative and Support and Waste Management
1,083 8.4%
$44,798
6Construction
1,070 8.3%
$74,154
7Wholesale Trade
518 4.0%
$71,393
8Other Services (except Public Administration)
441 3.4%
$35,136
9Finance and Insurance
200 1.5%
$73,770
10Agriculture, Forestry, Fishing and Hunting
165 1.3%
$47,716
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Key Takeaways
  • Largest sector: Manufacturing employs 4,948 workers (38.3% of tracked sectors), at an average wage of $77,518.
  • Economic scale: Regional GDP of $2.8B (2024).
  • Wage stratification: Manufacturing averages $77,518 while Other Services (except Public Administration) averages $35,136, a 2.2x 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.

Location Quotient Analysis

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 the specialization the supersector view masks (e.g., Plastics & Rubber Manufacturing inside the Manufacturing supersector).
Nonmetallic Mineral Product Manufacturing
24.64x
1,238
Plastics and Rubber Products Manufacturing
3.88x
330
Mining (except Oil and Gas)
3.86x
88
Heavy and Civil Engineering Construction
3.20x
460
Fabricated Metal Product Manufacturing
3.16x
547
Truck Transportation
2.38x
428
Waste Management and Remediation Services
2.31x
145
2.28x
6,270
Transportation Equipment Manufacturing
2.05x
432
Nursing and Residential Care Facilities
1.76x
733

Cluster Depth

Source: BLS QCEW · Sub-sectors with LQ ≥ 1.5 indicate genuine cluster concentration
Dominant Cluster
Goods-Producing Cluster
Coherent grouping of concentrated sub-sectors, signals supply-chain fit for site selectors
6,270
Cluster Employment
2.28x
Peak LQ
Concentrated Sub-Sectors
Nonmetallic Mineral Product Manufacturing
24.64x 1,238
Plastics and Rubber Products Manufacturing
3.88x 330
Mining (except Oil and Gas)
3.86x 88
Heavy and Civil Engineering Construction
3.20x 460
Fabricated Metal Product Manufacturing
3.16x 547
Truck Transportation
2.38x 428
Waste Management and Remediation Services
2.31x 145
2.28x 6,270
Transportation Equipment Manufacturing
2.05x 432
Nursing and Residential Care Facilities
1.76x 733

Attraction Opportunities

LQ < 0.5 with ≥ 50 employed, realistic diversification targets. Source: BLS QCEW
0.13x
Educational Services
53 employed
0.26x
Credit Intermediation and Related Activities
81 employed
0.30x
Insurance Carriers and Related Activities
95 employed
0.39x
Real Estate
86 employed
Key Takeaways
  • Top specialization: Nonmetallic Mineral Product Manufacturing concentrates at 24.64x the national norm, top-decile concentration, the kind of signature sector that defines a region's economic identity to site selectors.
  • Cluster depth: 10 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.
Shelby County's Top Sectors by Workforce Share
Each rectangle's area is proportional to that sector's share of total private-sector employment across all NAICS 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 2020-2024 5-Year Estimates · Tables B25001, B25077, B25064
$212,400
Median Home Value vs 2019
$987
Rent/Mo
72.5%
Owner-Occ
6.2%
Vacancy
2.9x
Home Value to Income Ratio - Affordable
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 (~$1,805/mo) · rents above this line are typically considered cost-burdened.
Key Takeaways
  • Affordable market: Home value to income ratio of 2.9x is well below the ~4.1x national average; supports talent attraction and family settlement narratives.
  • High home ownership: 72.5% owner-occupied; rental supply may be tight for incoming workers.
  • Affordable rent tiers: 3 of 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,805/mo).
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
26,655
Working Age (18-64) vs 2019
Mean Commute 2 min below national avg
23.9 min
Work From Home vs 15.1% national
9%
Prime-Age Employed (25-54)
82.8%
of prime-age population
Labor force participation rate: 65.5% of working-age population (18-64) 66% Participation
▼ vs 2019

Education & Talent Pipeline

Source: Census ACS 2020-2024 · Table B15003 · College Scorecard
Bachelor's+
21.9%
HS Diploma+
90.9%
Regional / Statewide Institutions
Total credentials awarded
85,358/yr
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
24.3%
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
34.8%
Service
18.1%
Sales & Office
17.1%
Construction / Maint.
9.2%
Production / Transport
20.7%
Bars scaled 2× for visual differentiation; percentage labels show actual share of 22,140 employed workers.
Key Takeaways
  • Succession risk is real: 24.3% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
  • 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

Shelby County shows strong potential for nonmetallic mineral product manufacturing attraction, with a 24.64x concentration and 1,238 jobs in this sub-sector. It ranks in the top decile nationally. Near-term succession risk is elevated, with 24.3% of the working-age population within 10 years of retirement age.

The interconnected base across nonmetallic mineral product manufacturing, plastics and rubber products manufacturing, and mining (except oil and gas) 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
Illustrative example

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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 Shelby County, Indiana, from federal data sources.

What is the population of Shelby County, Indiana?

45,265 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the median household income in Shelby County, Indiana?

$72,190 (U.S. Census Bureau, ACS 5-Year Estimates).

What is the unemployment rate in Shelby County, Indiana?

3.3% (2025 annual average, U.S. Bureau of Labor Statistics, LAUS).

What is the GDP of Shelby County, Indiana?

$2.8B (U.S. Bureau of Economic Analysis, CAGDP1).