City of Indianapolis, IN Profile: Facts & Data

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City of Indianapolis, Indiana - Basic Facts

The City of Indianapolis is the largest city in Indiana with a population of 898,384 as of July 1, 2023. City of Indianapolis ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for City of Indianapolis is located at latitude 39.7771 and longitude -86.1458 in Marion County. The formal boundaries for the City of Indianapolis encompass a land area of 361.48 sq. miles and a water area of 6.55 sq. miles. Marion County is in the Eastern time zone (GMT -5).

The City of Indianapolis has a C8 Census Class Code which indicates the balance of a consolidated city excluding the separately incorporated place(s) within that consolidated government. Separate census estimates are also produced for the semi-independent places which together with the "balance record," sum to the entire territory of the consolidated city.

The City of Indianapolis is located within Township of Center, a minor civil division (MCD) of Marion County.


Jump to... (On This Page!)
  1. City of Indianapolis 2023 Demographic Data
  2. Growth Rates for City of Indianapolis (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2023 Demographics
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City of Indianapolis, IN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 898,384 (100%)
Population in Households 882,395 (98.2%)
Population in Families 654,557 (72.9%)
Population in Group Quarters1 15,989 ( 1.8%)
Population Density 2,485
Diversity Index2 74
 
 

INCOME

Median Household Income $60,001
Average Household Income $87,447
% of Income for Mortgage4 21%
Per Capita Income $35,849
Wealth Index5 68
Socioeconomic Status Index6 Moderate (46.3)
 

HOUSING

Total HU (Housing Units) 403,421 (100%)
Owner Occupied HU 199,444 (49.4%)
Renter Occupied HU 167,885 (41.6%)
Vacant Housing Units 36,092 ( 8.9%)
Median Home Value $205,711
Average Home Value $244,409
Housing Affordability Index3 117
 

HOUSEHOLDS

Total Households 367,329
Average Household Size 2.40
Family Households 210,196
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.37% 0.05%
Households 0.48% 0.15%
Families   0.10%
Median Household Income   2.81%
Per Capita Income   3.15%
Owner Occupied HU   0.53%

City of Indianapolis, IN - Peer Comparisons by Rank and Percentile

The table below compares City of Indianapolis to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1 100th
Population Density # 36 96th
Median Household Income # 584 40th
Housing Affordability Index # 336 35th
Per Capita Income # 380 61st
Diversity Index # 12 99th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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