Indianapolis population is 2.0M, with a total workforce of 1.1M. The labor market grew by 7,700 jobs over the past year, up by 0.7%. The median household income in Indianapolis is $62,708, 2.8% higher than last year and 0.7% below the national average of $63,179.
In the housing market, total permits issued totaled 8,950 over the last twelve months, down -2.3% year-over-year. Indianapolis has 293 active new home projects on the market, 2.0% fewer than the 299 from last year. The average list price in the market is $284,962, 0.5% higher than last year and 18.2% below the national average. Over the last three months, new home contracts increased by 34.5% to 1,510. Indianapolis and Westfield had the highest concentration of the new home contracts in the Indianapolis market.