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-Greenwood Metropolitan Statistical Area in central Indiana.* As of 2024, the city had a population of 891,484.
* MSAs are defined by the U.S. Office of Management and Budget.Quick Stats
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The Indianapolis Futurecast Event
Indianapolis Artsgarden
110 W Washington St,
Indianapolis, IN 46204
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What did we say last year about the Indianapolis region?
Published December 2025
Real GDP in Indianapolis grew 12.5% between 2019 and 2023 while it only grew 9.7% nationwide. Total wages paid to Indianapolis workers expanded 7.6% between 2024 Q1 and 2025 Q1 compared to 4.8% nationally. The Indianapolis labor force increased 7.8% between August 2019 and August 2025 compared to 4.3% nationwide. Between August 2024 and August 2025, national unemployment rose from 4.2% to 4.3% while it fell in Indianapolis from 4.0% to 3.3%.
The Indianapolis metropolitan area should enjoy between 1.5% and 2.0% real GDP growth next year. Unemployment is expected to slightly increase from 3.3% to just over 4.0%. While capital projects will fuel economic expansion, slowdowns in logistics and durable goods manufacturing – two important contributors to the Indianapolis economy – will keep the economy from growing at its full potential.
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.