Anderson
Anderson, Indiana, located in central Indiana 35 miles northeast of Indianapolis, is the county seat and most populous city in Madison County. Anderson is considered a principal city in the Indianapolis-Carmel-Anderson Metropolitan Statistical Area in central Indiana.* As of 2023, the city had a population of 55,199.
* MSAs are defined by the U.S. Office of Management and Budget. The OMB released new statistical area delineations in 2023. The Indianapolis-Carmel-Anderson MSA is called the Indianapolis-Carmel-Greenwood MSA in the latest revisions, and it also now includes Tipton County instead of Putnam County. However, the new definitions will not be reflected here until the U.S. Bureau of Labor Statistics implements these changes into their data.Quick Stats
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The Anderson Futurecast Event
Tuesday, Nov. 12, 2024
Lunch served at 11:30 am.
Anderson Country Club – Stillwell Room
602 Northshore Blvd,
Anderson, IN 46011
Is Closed»
Featured Speakers at the Anderson Futurecast Event
Tuesday, Nov. 12, 2024
Join us to discuss how the changing economic environment will affect the local region and the nation in the coming year.
Registration cost is $20 for non-Rotarians.
This event is co-hosted by the Anderson Rotary Club, the IBRC and the Kelley School of Business.
What did we say last year about the Anderson region?
Published December 2023
The average annual unemployment rate for 2022 (3.3%) marks a decade low for Madison County and also marks the smallest gap (0.3%) between Madison County and the state.
Average weekly wages increased from $830 per week in the first quarter of 2022 to $898 per week in the first quarter of 2023, representing an 8.2% increase in wages. Most industries experienced increases year-over-year, with the exception of the arts, entertainment and recreation industry (which saw decreases in average weekly wages in amusement, gambling and recreation) and the finance and insurance industry.
The decade-low unemployment rate and moderate increase in wage growth are bright spots for Madison County. Given the Federal Reserve’s signal that inflation remains too high, recent geopolitical uncertainty may impact how the Fed approaches 2024. The unemployment rate in 2024 for Madison County should be expected to rise moderately if interest rate hikes continue beyond the Federal Reserve’s current expectations. Wage growth should be expected to continue at a slower pace than 2023.
Read the full Anderson article »
Each year in December, the Indiana Business Research Center publishes a special Outlook edition of the Indiana Business Review.
Published continuously since 1926, the Indiana Business Review is a quarterly publication that provides analysis and insight on economic and demographic issues.