Indianapolis population is 2.1M, with a total workforce of 1.1M. The labor market grew by 3,700 jobs over the past year, up by 0.3%. The median household income in Indianapolis is $62,774, 2.9% higher than last year and 0.6% below the national average of $63,179.
In the housing market, total permits issued totaled 9,014 over the last twelve months, up 0.9% year-over-year. Indianapolis has 288 active new home projects on the market, 4.6% fewer than the 302 from last year. The average list price in the market is $293,821, 1.3% higher than last year and 8.6% below the national average. Over the last three months, new home contracts increased by 5.8% to 1,525. Indianapolis and Westfield had the highest concentration of the new home contracts in the Indianapolis market.