Economy, jobs and prices in Indiana, United States: official figures
The economy of Indiana (gross domestic product) was worth $542.5 billion in 2025 at current prices, 1.8% of the US total of $30.86 trillion; 19th largest of 51. In current dollars it was up 4.2% on 2024.
How fast is the economy of Indiana growing?
After adjusting for inflation, real GDP in Indiana grew 1.9% in 2025, against 2.3% for the United States; 24th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Indiana?
Dividing 2025 GDP by the Census Bureau's population estimate gives $77,790 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 18th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Indiana growing or shrinking?
In the second quarter of 2026, real GDP in Indiana grew at an annual rate of 1.3% (United States: 2.2%); tied for 20th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Indiana?
In 2025 the largest private industry in Indiana's economy was manufacturing (23.8% of GDP), followed by real estate, rental and leasing (10.8%) and health care and social assistance (8.4%). Government accounted for 8.3%; the manufacturing share was the highest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Indiana spend?
Consumer spending (personal consumption expenditures) in Indiana came to $54,273 per person in 2025 (United States: $61,062); 14th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Indiana expensive to live in?
Prices in Indiana were 6.7% below the national average in 2024, by BEA's regional price parity of 93.3 (US = 100), which covers goods, services and housing; 18th least expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Indiana?
Prices in Indiana rose 4.0% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Indiana?
Personal income per person in Indiana was $66,455 in 2025, against $77,028 for the United States; 12th lowest of 51. It was up 4.2% on 2024 and up 28.4% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Indiana?
After taxes, disposable personal income per person was $59,423 in 2025 (United States: $67,251); 12th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Indiana?
Adjusted for local price levels, real personal income per person in Indiana was $55,562 in 2024 in 2017 dollars (United States: $59,195); 16th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Indiana?
Median household income in Indiana was $71,959 in 2024 (margin of error ±$630), against $81,604 for the United States; 10th lowest of 51 by the point estimate. It was not statistically different from 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Indiana?
The Gini index of household income inequality in Indiana was 0.452 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); tied for 10th least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Indiana?
The unemployment rate in Indiana was 3.4% in September 2026 (seasonally adjusted, preliminary), down from 3.7% a year earlier; tied for 14th lowest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Indiana?
In September 2026, 118,015 people in Indiana were unemployed and 3,372,582 employed, out of a labor force of 3,490,597.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Indiana in 2025?
Over 2025 the unemployment rate in Indiana averaged 3.7% (an 11-month average: October 2025 was not collected during the federal shutdown), against 4.0% in 2024; tied for 18th lowest of 51. The lowest annual rate since 1976 was 2.9% in 1999.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Indiana?
Workers covered by unemployment insurance in Indiana were paid $65,067 on average in 2025 ($1,251 a week), up 3.7% on 2024; the US average was $78,720. That is 17th lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Indiana?
Employers in Indiana had an average of 3,190,325 jobs on their payrolls in 2025 across 195,772 establishments, up 0.3% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Indiana?
The median annual wage across all occupations in Indiana was $47,860 in May 2025 (mean $60,840); 14th lowest of 51. One in ten workers earned less than $29,120 and one in ten more than $101,160.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Indiana?
The most common occupation in Indiana in May 2025 was laborers and freight, stock, and material movers, hand, with 103,200 workers and a median annual wage of $41,340.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Indiana?
Median household income in Indiana was $71,958 in 2024, 10th lowest among the 50 states and DC (U.S.: $81,604). In 2019 it was $57,617, so it has risen 24.9% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Indiana?
The median gross rent in Indiana, including utilities, was $1,104 a month in 2024, up 5.7% on 2023 ($1,044); 16th lowest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Indiana?
Homeowners in Indiana valued their homes at a median of $243,500 in 2024, up 7.8% on 2023 ($225,900); 11th lowest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Indiana?
The median home value in Indiana was 3.4 times the median household income in 2024 ($243,500 against $71,958); 9th lowest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Indiana?
A household on the median income in Indiana would spend 18.4% of its income on the median rent of $1,104 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Indiana compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Indiana ranks 19 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 16 | Tennessee | $586.2 billion |
| 17 | Colorado | $574.9 billion |
| 18 | Maryland | $567.0 billion |
| 19 | Indiana | $542.5 billion |
| 20 | Minnesota | $515.1 billion |
| 21 | Wisconsin | $478.8 billion |
| 22 | Missouri | $475.4 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Indiana ranks 34 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 31 | North Carolina | $80,007 |
| 32 | Rhode Island | $79,174 |
| 33 | Kansas | $77,961 |
| 34 | Indiana | $77,790 |
| 35 | Arizona | $77,665 |
| 36 | Vermont | $77,029 |
| 37 | Florida | $76,958 |
Real GDP growth, 2025 (2025)
Indiana ranks 28 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 25 | Alabama | 2.0% |
| 26 | Vermont | 1.9% |
| 27 | Colorado | 1.9% |
| 28 | Indiana | 1.9% |
| 29 | Pennsylvania | 1.8% |
| 30 | North Carolina | 1.8% |
| 31 | New Mexico | 1.8% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Indiana ranks 30 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 27 | Iowa | 1.7% |
| 28 | Idaho | 1.5% |
| 29 | Maine | 1.4% |
| 30 | Indiana | 1.3% |
| 31 | Maryland | 1.3% |
| 32 | Nevada | 1.3% |
| 33 | Virginia | 1.2% |
Personal income per person, 2025 (2025)
Indiana ranks 40 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 37 | Ohio | $67,584 |
| 38 | Iowa | $67,321 |
| 39 | Michigan | $67,245 |
| 40 | Indiana | $66,455 |
| 41 | Oklahoma | $66,055 |
| 42 | Georgia | $65,111 |
| 43 | Idaho | $64,200 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Indiana ranks 36 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 33 | North Carolina | $56,310 |
| 34 | Ohio | $56,232 |
| 35 | Rhode Island | $55,878 |
| 36 | Indiana | $55,562 |
| 37 | Oregon | $55,451 |
| 38 | Arkansas | $55,219 |
| 39 | Delaware | $55,185 |
Median household income, 2024 (ACS) (2024)
Indiana ranks 42 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 39 | South Carolina | $72,350 |
| 40 | Ohio | $72,212 |
| 41 | Tennessee | $71,997 |
| 42 | Indiana | $71,959 |
| 43 | Missouri | $71,589 |
| 44 | New Mexico | $67,816 |
| 45 | Alabama | $66,659 |
Regional price parity, 2024 (US = 100) (2024)
Indiana ranks 34 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 31 | North Carolina | 94.3 |
| 32 | Wisconsin | 94.1 |
| 33 | South Carolina | 93.7 |
| 34 | Indiana | 93.3 |
| 35 | Ohio | 92.8 |
| 36 | Wyoming | 92.7 |
| 37 | New Mexico | 92.2 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Indiana ranks 38 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 35 | Ohio | 3.4% |
| 36 | North Carolina | 3.4% |
| 37 | Tennessee | 3.4% |
| 38 | Indiana | 3.4% |
| 39 | Georgia | 3.3% |
| 40 | Mississippi | 3.3% |
| 41 | Maine | 3.3% |
Unemployment rate, 2025 annual average (2025)
Indiana ranks 33 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 30 | North Carolina | 3.8% |
| 31 | Kansas | 3.8% |
| 32 | Mississippi | 3.8% |
| 33 | Indiana | 3.7% |
| 34 | Idaho | 3.7% |
| 35 | Utah | 3.6% |
| 36 | Tennessee | 3.5% |
Labor force participation rate, September 2026 (September 2026)
Indiana ranks 18 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 15 | New Jersey | 63.7% |
| 16 | Maryland | 63.7% |
| 17 | Missouri | 63.3% |
| 18 | Indiana | 63.1% |
| 19 | Illinois | 63.0% |
| 20 | Virginia | 62.7% |
| 21 | Pennsylvania | 62.6% |
Average annual pay, 2025 (QCEW) (2025)
Indiana ranks 35 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 32 | Missouri | $66,459 |
| 33 | Wisconsin | $66,160 |
| 34 | Maine | $65,787 |
| 35 | Indiana | $65,067 |
| 36 | Alabama | $64,479 |
| 37 | South Carolina | $63,728 |
| 38 | Wyoming | $63,535 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Indiana ranks 38 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 35 | North Carolina | $47,970 |
| 36 | Idaho | $47,970 |
| 37 | Florida | $47,880 |
| 38 | Indiana | $47,860 |
| 39 | Missouri | $47,800 |
| 40 | Nevada | $47,660 |
| 41 | Tennessee | $47,380 |
Median household income (2024)
Indiana ranks 42 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 39 | Michigan | $72,336 |
| 40 | Ohio | $72,259 |
| 41 | Tennessee | $72,007 |
| 42 | Indiana | $71,958 |
| 43 | Missouri | $71,583 |
| 44 | New Mexico | $67,838 |
| 45 | Alabama | $66,704 |
Median gross rent (monthly) (2024)
Indiana ranks 36 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 33 | Michigan | $1,168 |
| 34 | Wisconsin | $1,142 |
| 35 | New Mexico | $1,117 |
| 36 | Indiana | $1,104 |
| 37 | Nebraska | $1,102 |
| 38 | Ohio | $1,090 |
| 39 | Kansas | $1,079 |
Median value of owner-occupied homes (2024)
Indiana ranks 41 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 38 | Nebraska | $263,100 |
| 39 | Missouri | $254,400 |
| 40 | Michigan | $254,200 |
| 41 | Indiana | $243,500 |
| 42 | Ohio | $239,800 |
| 43 | Kansas | $238,700 |
| 44 | Alabama | $233,300 |
More on Indiana: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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