If you're curious to find out which cities in Indiana are the wealthiest, you've come to the right place. The Hoosier State is home to some of the most affluent cities in the United States, and we'll reveal which ones they are. We'll also take a look at the average income, home values, and other factors that make these cities so wealthy. A recent study analyzed nearly 500 cities in Indiana and considered household income, home values, the percentage of homes without a mortgage, and average credit limits.
It's no surprise that the wealthiest people in Indiana tend to live in smaller, more relaxed cities like St. Johns and Zionsville. These areas are known for their low unemployment rates, low poverty levels, and rising wages. So which city is the wealthiest in Indiana? According to the study, it's San Juan.
This small town of just under 16,000 residents is located west of Crown Point and is less than an hour's drive from Chicago. It's currently undergoing a construction boom with hundreds of newly built homes for sale. San Juan is also one of the most educated cities in Indiana. Nearly 40 percent of its population has a bachelor's degree, and an estimated 97.1 percent of adults have graduated from high school.
The city is also home to the Sanctuary of the Passion of Christ, a monument that includes a half-mile trail and a garden with 40 bronze statues.Carmel is ranked as the second richest city in Indiana, while Fishers ranks fifth among municipalities with a population of at least 65,000. Nationally, Carmel ranked 22nd and Fishers 58th among the 475 richest cities in the study. Data shows that 82.94% of people who live in Indiana's wealthiest cities have a bachelor's degree or higher.The most common age group for the richest cities in Indiana is 25 to 44 years old, with 20 percent of people with the highest income belonging to this age group. If you're looking for a place to settle down that offers plenty of opportunities for success and financial stability, these 10 cities are worth considering.
From San Juan to Fishers, these are some of the wealthiest places in The Hoosier State.