Indianapolis , Indiana Market Report

Indianapolis, Indiana Market Report (pdf)			The most affordable housing in the United States!... And…
What do you know about Indianapolis Indiana?			· Indianapolis most affordable major market for 12th straight quarter Indianapolis maintained its standing as the most affordable major U.S. housing market for the 12th consecutive time, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI)..Some 91.6 percent of Indianapolis homes sold were affordable to families earning the area's median household income of $65,100 · When it comes to racing, Indianapolis takes the checkered flag every time. Commonly referred to as the "Racing Capital of the World," Indianapolis hosts the two largest single-day sporting events in the world: the Indianapolis 500 and the Allstate 400 at the Brickyard! · Indianapolis was listed as one of the Top 10 "Best Cities for Jobs" in 2008. (Forbes, January 2008) · Indiana has the 4th lowest business costs in the nation, based on labor, energy and taxes. (Forbes, July 2007) · Indianapolis is one of the 50 “hottest” cities in the U.S. (Expansion Management, February 2007)Indiana ranked 1st among all states in advanced manufacturing technology and entrepreneurial advances. (Ewing Marion Kauffman Foundation, 2007 New Economy Index) Indiana was ranked 5th in Biotechnology Strength in the U.S. for drugs and pharmaceuticals. (Business Facilities Magazine, July 2007)
The nation's 13th largest city has gone through a dramatic revitalization and a stunning renaissance that makes it a different place than it was just a decade ago. Indy is the perfect balance of cosmopolitan style and small-town charm that makes it a successful destination for leisure travel, conventions and group tours, catering to nearly 22 million visitors a year · Indianapolis is commonly referred to as the Crossroads of America and is easily accessible from a wide variety of locations, with many interstate highways bisecting our city. Not only that, but half the nation's population is within a day's drive, which makes traveling to Indy by car an attractive option for many · “Like a pace car on the famous Indianapolis Motor Speedway, the long-awaited opening of Lucas Oil Stadium officially marked the starting point for a cavalcade of downtown infrastructural changes designed to transform ‘the Racing Capital of the World’ into a first-tier convention city.” MeetingNews Magazine, September 8, 2008  · “… but more recently the city has sped beyond the raceway to truly come into its own. Surprisingly cosmopolitan, Indianapolis is home to a variety of restaurants, nightclubs, hotels and family-oriented venues.”Successful Meetings, August 2008 · “While the city lays claim to 10 world-class sports venues, that is just a fraction of its cultural institution tally: 14 museums, 21 galleries and 25 performing arts centers and theaters” The Washington Post, May 28, 2008 · “Indianapolis is a forward looking city that refuses to sit on its laurels. But it also knows when it is on to a good thing and carefully preserves its history and traditions."West Suburban Living, March/April 2008 Population 876,804 - City of Indianapolis (Marion County); 13th largest city in the U.S. 1,666,032 - Indianapolis Metropolitan Statistical Area (MSA); 29th largest U.S. metro area. Source: U.S. Census Bureau Population Segments			Labor Force / Unemployment
						Statistics
						Indianapolis (Marion County) Labor Force			458,434
						Indianapolis (Marion County) Unemployment Rate			4.8%
						Indiana Unemployment Rate			5.2%
						United States Unemployment Rate			5.2%
			Source: STATS Indiana, February 2008 Average Pay
						Statistics
						Indianapolis			$36,465
						Indiana			$31,019
						United States			$34,133
			Source: U.S. Department of Labor, January 2006 Per Capita Personal Income
						Statistics
						Indianapolis			$36,286
						Indiana			$31,173
						United States			$34,471
			Source: U.S. Bureau of Economic Analysis Indianapolis' Top Employers
				Company			Jobs		Product
				Eli Lilly and Company			14,000		Pharmaceutical Manufacturing
				Clarian Health Partners Inc.			7,503		Health Care
				Community Health Network			7,500		Health Care
				Indiana University Purdue University Indianapolis			7,066		Higher Education
				FedEx			6,311		Courier/Delivery Services
				St. Vincent Hospital & Health Services			6,000		Health Care
				WellPoint Inc.			4,200		Insurance Carriers
				Allison Transmission/Division of GMC			4,000		Transmission Manufacturing
				Rolls-Royce			4,000		Engine Manufacturing
				AT&T			3,500		Communications Services
				St. Francis Hospital & Health Centers			3,000		Health Care
				United Parcel Service			2,708		Courier/Delivery Services
				Defense Finance & Accounting Services			2,600		Government Accounting Services
	Population Segments
	70.5%	White
					Chase Bank			2,500		Commercial Banking
	24.2%	African-American
					Roche Diagnostic Corporation			2,208		Medical Manufacturing
	3.9%	Latino
					GM Indianapolis Metal Center			2,000		Automotive Metal Stamping
	1.4%	Asian
					United Technologies Carrier Corp.			2,000		Heating & Air Conditioning
	0.3%	American Indian
Source: U.S. Census Bureau Size/Area 3,863 Square Miles - Indianapolis MSA 396 Square Miles - City of Indianapolis (Marion County)
				Automotive Components Holdings LLC			2,000		Automotive Parts Manufacturing
				Indianapolis Power & Light			1,800		Electric Power Distribution
				Raytheon Technical Services			1,800		Electronics Manufacturing
				International Truck & Engine Corporation			1,700		Engine Manufacturing
				Wishard Health Services			1,486		Health Care
				OneAmerican (AUL)			1,350		Insurance & Retirement Services
				Indianapolis Coke			1,200		Petroleum Products Manufacturing
				Citizens Gas & Coke Utility			1,134		Natural Gas Distribution
			Source: The Indy Partnership, December 2007 *Local, state and federal employers excluded.

More Great Links about the City

· Indy Downtown Inc.

· Indianapolis Convention & Visitors Association

· Arts Council of Indianapolis

· Indy Partnership

· Economic Development Portal

· www.indystar.com