Indianapolis, Indiana Overview Home to more than 850,000 people, Indianapolis boasts a robust economy with plenty of ...
Indianapolis, Indiana Overview
Home to more than 850,000 people, Indianapolis boasts a robust economy with plenty of Hoosier hospitality. Sports enthusiasts appreciate the city's abundance of athletic events, from Colts and Pacers games to the famous Indianapolis 500. The Indianapolis Museum of Art and NCAA Hall of Champions will also delight museum buffs.
Relative to other U.S. cities, Indianapolis is an inexpensive place to live. According to Forbes, the city's cost of living is 6.7 percent below the national average. The median home price is $135,400, and the median household income is $53,125. The average work commute is about 25 minutes.
Indianapolis Job Opportunities
The education, health care, retail, and finance industries primarily drive Indianapolis, IN jobs. Many of Indiana's most prominent corporations are headquartered in Indianapolis, including Eli Lilly, Brightpoint Wireless, Wellpoint Insurance, Marsh Supermarkets and Finish Line. Eli Lilly employs 10,500 employees in a variety of pharmaceutical jobs in Indianapolis. Similarly, healthcare jobs in Indianapolis, IN abound thanks to the strong presence of employers like Indiana University Health (20,292 employees in the area), St. Vincent Hospitals and Health (11,075 employees) and the Community Health Network (8,100).
The education sector also contributes significantly to the Indianapolis jobs. The Indianapolis Public School system employs over 6,000 people, and the city is also home to more than five institutions of higher learning. Indiana University - Purdue University Indianapolis, for example, employs almost 7,000 people. These careers include teaching, administrative and staff positions. In the retail sector, Walmart employs 9,000 people in Indianapolis jobs, and Marsh Supermarkets employs 8,890 people. Popular local jobs in the sector include retail sales associates, retail managers, sales directors, and cashiers.
Indianapolis Employment Trends
Forbes ranked Indianapolis 22nd in the nation for best places for business and careers. The city also ranks in the top 50 for job growth. As of July 2014, Indianapolis has an unemployment rate of six percent, which is nearly identical to Indiana's unemployment rate as a whole. Job seekers who have trouble finding work in Indianapolis may have success in surrounding cities, such as searching for jobs in Carmel, which has an unemployment rate of 4 percent as of July. Unemployment peaked in Indianapolis in February of 2010 but has steadily declined since.
In 2013, Indianapolis experienced job growth of 2.1 percent, and Forbes predicts it will experience growth of 2.3 percent in 2014. Between 2013 and 2014, Indianapolis household income dropped by 0.6 percent.