Indianapolis population is 2.0M, with a total workforce of 1.1M. The labor market grew by 7,100 jobs over the past year, up by 0.7%. The median household income in Indianapolis is $61,349, 3.0% higher than last year and 2.9% below the national average of $63,179.
In the housing market, total permits issued totaled 8,998 over the last twelve months, up 1.4% year-over-year. Indianapolis has 285 active new home projects on the market, 3.1% fewer than the 294 from last year. The average list price in the market is $313,017, 7.8% higher than last year and 4.5% above the national average. Over the last three months, new home contracts increased by 19.0% to 1,349. Indianapolis and Westfield had the highest concentration of the new home contracts in the Indianapolis market.