Indianapolis, IN population, income and ZIP codes

Indianapolis city (balance) is a major city in Indiana, with 882,043 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it first of 976 ranked by population. The median age here is 34.1 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.

Households in Indianapolis city (balance) earn a median of $62,995 a year, 19.8% below the national figure of $78,538 and within a couple of points of the $61,527 median for the 355 Indiana cities we cover. Median household income counts every pre-tax dollar arriving at an address — wages, self-employment, Social Security, pensions, interest and public assistance — for everyone living there, so multi-earner households pull the figure up even where individual pay is modest. Poverty reaches 15.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Indianapolis city (balance) is valued at $207,000, 31.8% below the national figure and 42% above the $145,600 peer median, while median gross rent runs $1,112 a month, 20.9% below the national figure, or roughly $13,344 across a full year. A household on the local median income would put about 21.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 3.3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 55.3% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.