What is the median household income in Indianapolis, IN?

The median household income in Indianapolis, IN is $66,219 (±$993) a year (2020–2024 American Community Survey).

Paying the median gross rent of $1,156 a month would take about $46,200 a year at the common guideline of spending no more than 30% of income on rent.

In Indianapolis, the median household income went from $47,873 in 2015–2019 to $66,219 in 2020–2024 (+38.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on .

Median household income
$66,219 (±$993)
Median renter income
$46,182 (±$1,344)
Income to afford median rent
about $46,200

Income in Indianapolis against Marion County, its state and the nation

Income, estimate (90% margin of error)
IndianapolisMarion CountyIndianaUnited States
Median household income$66,219 (±$993)$66,346 (±$943)$71,957 (±$352)$80,734
Median renter household income$46,182 (±$1,344)$45,770 (±$1,355)$42,811 (±$480)$52,966
Median owner household income$88,484 (±$1,424)$88,581 (±$1,414)$87,459 (±$395)$100,009
Median gross rent$1,156 (±$11)$1,153 (±$10)$1,062 (±$5)$1,413

In Indianapolis, median household income is not measurably different from Marion County ($66,346).

It is also lower than in Indiana ($71,957).

It is lower than the national figure ($80,734).

In Marion County, Indianapolis ranks 19 of 25 places with a published estimate, from highest to lowest median household income.

Statewide, it ranks 919 of 1,568.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How much you need to earn to rent in Indianapolis

Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.

At that guideline, the median gross rent of $1,156 a month ($13,872 a year) needs an income of about $46,200 a year.

The median renting household in Indianapolis earns $46,182 a year, less than that.

This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.

Income against housing costs since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median household income$47,873 (±$842)$66,219 (±$993)+38.3%Up after inflation
Median gross rent$892 (±$7)$1,156 (±$11)+29.6%Up after inflation
Median home value$137,000 (±$1,342)$224,800 (±$2,289)+64.1%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median household income in places near Indianapolis

Nearest places with a published estimate, compared with Indianapolis
PlaceDistanceMedian household incomeCompared with this place
Indianapolis—$66,219 (±$993)—
Center Township (Marion County)0.4 mi$55,129 (±$2,516)Lower
Spring Hill4.7 mi$138,750 (±$21,675)Higher
Wynnedale4.8 mi$111,250 (±$42,503)Higher
Warren Park5.0 mi$42,906 (±$6,076)Lower
Rocky Ripple5.2 mi$72,813 (±$16,083)Not measurably different
Beech Grove5.2 mi$49,973 (±$4,739)Lower
Speedway5.5 mi$60,147 (±$4,988)Lower
Crows Nest5.6 mi$250,000 or more—

Nearby places with a measurably lower figure: Center Township (Marion County), IN ($55,129), Warren Park, IN ($42,906), Beech Grove, IN ($49,973).

Nearby places with a measurably higher figure: Spring Hill, IN ($138,750), Wynnedale, IN ($111,250).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median household income across Marion County, place by place

RankPlaceMedian household income
13Rocky Ripple$72,813 (±$16,083)
14Lawrence Township$72,081 (±$3,511)
15Southport$71,058 (±$15,285)
16Decatur Township$70,206 (±$5,586)
17Pike Township (Marion County)$69,398 (±$2,652)
18Perry Township (Marion County)$66,897 (±$2,593)
19Indianapolis$66,219 (±$993)
20Speedway$60,147 (±$4,988)
21Warren Township (Marion County)$58,962 (±$2,875)
22Wayne Township (Marion County)$57,059 (±$2,375)
23Center Township (Marion County)$55,129 (±$2,516)
24Beech Grove$49,973 (±$4,739)
25Warren Park$42,906 (±$6,076)

Showing 13 of 25 places in Marion County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Indianapolis

What is the median household income in Indianapolis?

The median household income in Indianapolis is $66,219 (±$993) a year (2020–2024 American Community Survey).

How much do you need to make to afford rent in Indianapolis?

About $46,200 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,156 a month.

Have incomes in Indianapolis kept up with inflation?

In Indianapolis, the median household income went from $47,873 in 2015–2019 to $66,219 in 2020–2024 (+38.3%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

What do renters earn in Indianapolis?

The median renting household in Indianapolis, IN earns $46,182 (±$1,344) a year.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Indianapolis city (balance), Indiana (place:36003, in state:18).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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