IN Depth Regional Profile

Profiles

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County:

Region:

Economic Growth Region 5

Counties include: Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Morgan, Shelby

Largest City: Fishers (2022 population: 101,966)

Population per Square Mile: 365.4

Square Miles: 3,117.5

Population over Time	Number	Rank in State	Percent of State	Indiana
Yesterday (2020)	1,081,636	1	15.9%	6,785,528
Today (2023)	1,139,099	1	16.6%	6,862,199
Tomorrow (2030 projection)*	1,202,667	1	17.1%	7,014,880
Percent Change 2020 to Today	5.3%	1		1.1%

*Projection based on 2015 Census population estimates.
Sources: U.S. Census Bureau; Indiana Business Research Center

Components of Population Change, 2022-2023	Number	Rank of 12	Percent of State	Indiana
Net Domestic Migration	13,540	1		4,599
Net International Migration	2,490	2		17,869
Natural Increase (births minus deaths)	2,618	2	34.9%	7,508

Source: U.S. Census Bureau

Population Estimates by Age, 2022	Number	Rank of 12	Pct Dist. in Region	Pct Dist. in State
Preschool (0 to 4)	62,380	2	5.6%	5.9%
School Age (5 to 17)	204,010	1	18.2%	17.0%
College Age (18 to 24)	91,230	2	8.1%	9.9%
Young Adult (25 to 44)	296,390	1	26.5%	25.7%
Older Adult (45 to 64)	288,516	1	25.8%	24.5%
Seniors (65 and older)	176,916	1	15.8%	16.9%

Sources: U.S. Census Bureau; Indiana Business Research Center

Population Estimates by Race and Hispanic Origin, 2022	Number	Rank of 12	Pct Dist. in Region	Pct Dist. in State
American Indian or Alaska Native Alone	3,612	5	0.3%	0.4%
Asian Alone	48,186	1	4.3%	2.8%
Black Alone	62,531	3	5.6%	10.3%
Native Hawaiian and Other Pac. Isl. Alone	782	2	0.1%	0.1%
White	980,444	1	87.6%	84.0%
Two or More Race Groups	23,887	2	2.1%	2.4%
Hispanic or Latino Origin (can be of any race)
Non-Hispanic	1,069,616	1	95.5%	92.1%
Hispanic	49,826	5	4.5%	7.9%

Source: U.S. Census Bureau

Household Types	Number	Rank of 12	Pct Dist. in Region	Pct Dist. in State
Households in 2022 (includes detail not shown below)	409,769	1	100.0%	100.0%
Married With Children	104,396	1	25.5%	18.1%
Married Without Children	134,896	1	32.9%	29.6%
Single Parents	31,165	1	7.6%	9.0%
Living Alone	93,229	2	22.8%	29.4%

Source: U.S. Census Bureau, American Community Survey 5-year estimates.

Housing	Number	Rank of 12	Pct Dist. in Region	Pct Dist. in State
Total Housing Units in 2022 (estimate)	453,350	1	100.0%	100.0%
Total Housing Units in 2022 (includes vacant units)	436,058	2	100.0%	100.0%
Owner Occupied (Pct. distribution based on all housing units)	312,243	1	71.6%	63.5%
Renter Occupied (Pct. distribution based on all housing units)	97,526	2	22.4%	27.1%

Source: U.S. Census Bureau, American Community Survey 5-year estimates.

Education	Number	Rank of 12	Percent of State	Indiana
School Enrollment (2022/2023 Total Reported)	196,140	1	17.4%	1,124,094
Public	186,077	1	18.0%	1,035,718

Sources: Indiana Department of Education; U.S. Census Bureau, American Community Survey 5-year estimates.

Income and Poverty	Number	Rank of 12	Percent of State	Indiana
Per Capita Personal Income (annual) in 2022	$71,487	1	122.6%	$58,323
Welfare (TANF) Monthly Average Families in 2022	312	4	7.9%	3,933
Food Stamp Recipients in 2022	53,850	4	8.8%	611,203
Free and Reduced Fee Lunch Recipients in 2022/2023	60,549	3	11.8%	511,735

Sources: U.S. Bureau of Economic Analysis; U.S. Census Bureau; Indiana Family Social Services Administration; Indiana Department of Education

Health and Vital Statistics	Number	Rank of 12	Percent of State	Indiana
Births, 2021	12,218	2	15.3%	79,946
Births to Teens, 2021	315	5	8.2%	3,845
Deaths, 2019	8,575	2	13.0%	66,005

Source: Indiana State Department of Health

Labor Force, 2023	Number	Rank of 12	Percent of State	Indiana
Total Resident Labor Force	585,854	1	17.2%	3,401,387
Employed	569,776	1	17.3%	3,288,017
Unemployed	16,078	3	14.2%	113,370
Annual Unemployment Rate	2.7	12	81.8%	3.3
March 2024 Unemployment Rate	3.4	12	82.9%	4.1

Source: STATS Indiana, using data from the Indiana Department of Workforce Development

Employment and Earnings by Industry, 2022	Employment	Pct Dist. in Region	Earnings ($000)	Pct Dist. In Region	Avg. Earnings Per Job
Total by place of work	645,106	100.0%	$38,758,030	100.0%	$60,080
Wage and Salary	478,169	74.1%	$27,850,723	71.9%	$58,245
Farm Proprietors	3,976	0.6%	$188,578	0.5%	$47,429
Nonfarm Proprietors	162,961	25.3%	$5,266,992	13.6%	$32,321
Farm	4,970	0.8%	$231,348	0.6%	$46,549
Nonfarm	640,136	99.2%	$38,526,682	99.4%	$60,185
Private	584,245	90.6%	$34,664,583	89.4%	$59,332
Accommodation, Food Serv.	46,837	7.3%	$1,412,899	3.6%	$30,166
Arts, Ent., Recreation	14,057	2.2%	$358,069	0.9%	$25,473
Construction	36,842	5.7%	$3,016,396	7.8%	$81,874
Health Care, Social Serv.	55,896	8.7%	$3,857,003	10.0%	$69,003
Information	6,099	0.9%	$396,527	1.0%	$65,015
Manufacturing	40,478	6.3%	$3,593,931	9.3%	$88,787
Professional, Tech. Serv.	44,674*	6.9%*	$3,441,918*	8.9%*	$77,045*
Retail Trade	69,275	10.7%	$2,922,471	7.5%	$42,187
Trans., Warehousing	62,458	9.7%	$3,099,973	8.0%	$49,633
Wholesale Trade	20,111*	3.1%*	$2,196,291*	5.7%*	$109,208*
Other Private (not above)	181,124*	28.1%*	$9,857,693*	25.4%*	$54,425*
Government	55,891	8.7%	$3,862,099	10.0%	$69,101

Source: U.S. Bureau of Economic Analysis
* These totals do not include county data that are not available due to BEA non-disclosure requirements.

Residential Building Permits, 2022	Units	Pct Dist. in Region	Pct Dist. in State	Cost ($000)	State Cost ($000)
Total Permits Filed	10,101	100.0%	100.0%	$2,659,380	$6,635,992
Single-Family	6,475	64.1%	65.0%	$2,165,996	$5,513,030
2-Family	130	1.3%	1.9%	$24,426	$76,873
3- and 4-Family	59	0.6%	0.5%	$6,073	$14,702
5+ Family	3,437	34.0%	32.6%	$462,884	$1,031,387

Notes: Detail cost may not sum to total due to rounding. Greene County does not currently issue building permits, so it is excluded.
Source: U.S. Census Bureau

Largest Cities and Towns in Economic Growth Region 5

Name	Population in 2022	Percent of Region
Anderson	55,099	4.9%
Brownsburg	31,193	2.8%
Carmel	101,964	9.1%
Fishers	101,966	9.1%
Franklin	25,728	2.3%
Greenwood	65,406	5.8%
Noblesville	72,748	6.5%
Plainfield	36,074	3.2%
Westfield	54,605	4.9%
Zionsville	31,982	2.9%

Source: U.S. Census Bureau annual population estimates