Indianapolis
Indianapolis is home to the State Capitol and is the most populous city in Indiana. Indianapolis is home to the Indianapolis 500 and several professional sports teams and 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 888,578.
* 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 Indianapolis Futurecast Event
Wednesday, Oct. 30, 2024
Breakfast served at 8:00 am.
Indianapolis Artsgarden
110 W Washington St,
Indianapolis, IN 46204
Closed »
Featured Speakers at the Indianapolis Futurecast Event
Wednesday, Oct 30, 2024
Join us to discuss how the changing economic environment will affect the local region, Indiana and the nation in the coming year.
Registration closed»This event is co-hosted by the Kelley School of Business Alumni Association, the IBRC and the Kelley School of Business.
What did we say last year about the Indianapolis region?
Published December 2023
On a per capita basis, real GDP in the Indianapolis metropolitan area is expected to fall by 0.2% in 2023 and 0.4% in 2024. This fall is mathematically explained by population growth that is slightly larger than real GDP growth. In economic terms, shrinkage in per capita real GDP confirms continued economic stagnation in Indianapolis.
Unemployment is expected to average 4.3% nationally, 3.9% in the state and 3.5% in the Indianapolis metropolitan area during 2024. Even with slower-than-normal real GDP growth, employment opportunities will remain abundant for residents of the Indianapolis metropolitan area. Accelerated transition of older workers into retirement, smaller annual cohorts of high school graduates and lower-than-expected labor force participation by working-aged men will make competition for talent intense among Indianapolis employers in 2024. The average worker, though, will earn measurably less per hour than workers in metropolitan areas with economies that are blossoming.
Read the full Indianapolis 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.