Marion County · Indiana · Midwest · 886k residents
Indianapolis, IN: economy, jobs & business costs
The site-selection read on Indianapolis: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,551/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Indianapolis side by side
Avg. weekly wage
$1,551/wk
Corporate income tax
4.9%
Bachelor's degree or higher
34.9%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Indianapolis's economy is moving, ranked against the US cities we track.
31/100
Cooling
Ranks Indianapolis's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $250,000 |
| Price per sq. ft. | $155 |
| Property tax rate | 1.05% |
| 1-bedroom rent | $1,150/mo |
| 2-bedroom rent | $1,400/mo |
| State & local income tax | 5.07% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,551/wk |
| Bachelor's degree or higher | 34.9% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 29.6/1k |
| Wage: Software developer | $106,870 |
| Wage: Registered nurse | $84,230 |
| Wage: General manager | $120,480 |
| Wage: Customer service | $43,460 |
| Wage: Warehouse worker | $37,120 |
| Wage: Heavy truck driver | $61,980 |
| Wage: Electrician | $65,130 |
| Wage: Retail salesperson | $31,530 |
| Cost of living index | 90 |
| Groceries index | 95 |
| Utilities | $170/mo |
| Transit pass | $60/mo |
| Gas price | $3.05/gal |
| Healthcare index | 95 |
| Childcare (per child) | $1,050/mo |
| Median household income | $59,000 |
| Unemployment rate | 3.8% |
| Population | 886k |
| Crime index | 57/100 |
| School rating | 5.5/10 |
| Walkability | 32/100 |
| Disaster risk | 98/100 |
| Avg. commute | 24 min |
| Sunny days / year | 186 days |
| July high | 84°F |
| January low | 19°F |
| Annual snowfall | — |
| Home price YoY | -0.2% |
| Home price MoM | -0.4% |
| Rent YoY | +2.0% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | -0.1% |
| Building permits YoY | -30.9% |
| Ocean coast | 580 mi |
| Big lake | 141 mi |
| Mountains | 292 mi |
| Major airport | 10 mi |
| Ski resort | 78 mi |
Popular comparisons
Nearby
- Lawrence, IN · 50k
- Greenwood, IN · 66k
- Carmel, IN · 102k
- Fishers, IN · 102k
- Zionsville, IN · 32k
Similar size
- Fort Wayne, IN · 269k
- Evansville, IN · 116k
- South Bend, IN · 103k
- Bloomington, IN · 80k
- Hammond, IN · 77k
Real listings in Indianapolis
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Indianapolis a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,551/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Indianapolis, IN?
- Indianapolis indexes at 90 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,400/mo and a median home value of $250,000.
- How much does a house cost in Indianapolis?
- The median home value in Indianapolis is $250,000 (compiled estimate; individual listings vary).
- How much is rent in Indianapolis?
- A two-bedroom in Indianapolis rents for about $1,400/mo.