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.
When it comes to the richest cities in Indiana, Indianapolis isn’t one of them. Instead, Indiana’s wealthiest residents tend to prefer smaller, more relaxed towns.
24/7 Wall St analyzed data from the U.S. Census Bureau’s American Community Survey and ranked cities in each state based on their median household incomes, poverty rates, and median home values.
You’d expect the rich to live and work in Indianapolis, the state capital and most populous city. But in reality, the wealthiest Indiana residents are more likely to be clustered around smaller, more relaxed cities where white picket fences rule and small town charm is a way of life.
The wealthiest cities in Indiana are fueled by the health care industry, education, finance, manufacturing and real estate. They also have low poverty rates, high graduate rates and large median incomes.
These wealthy cities also have outstanding schools and a wide variety of housing options. For example, a typical house for sale in St. John has four bedrooms, two to three bathrooms and 2,800 finished square feet on a one-quarter acre lot.
The area also has plenty of places to dine, shop and play. Plus, the community is located 45 minutes from Chicago and its top-notch activities and attractions. Whether you’re looking for an awesome place to raise your family or a great place to retire, it doesn’t get much better than this.
Carmel has a reputation as one of the wealthiest cities in Indiana, and it is true. There are a number of reasons for that, including the quality of its schools and a wide range of entertainment options.
There are also a lot of jobs available in this area. In fact, it is home to more than 125 corporate headquarters, making it a great place to start or grow your career.
Moreover, the city has a low crime rate, and residents feel safe in their neighborhoods. This makes Carmel a great choice for young families.
In addition to all of this, the city has a lot of culture, and many things to do. Its infrastructure, development and redevelopment, arts and entertainment, and roundabouts are all a testament to how the city has grown from a sleepy suburban town into one that is known throughout the world.
If you're looking for a place to live that offers easy access to all of the conveniences of Indianapolis, but in a more relaxed, quiet setting, Avon might be the ideal choice. Located only five miles west of the capital, Avon is an oasis for those who want to enjoy a more peaceful lifestyle.
While Avon is a relatively small town, there's still plenty to do and see in this beautiful city. The town has a thriving community and is home to many lovely parks, specialty restaurants, unique shops, and fun amusement stops.
Avon also has a number of interesting historical sites. The first post office was established in 1833, and the area changed its name several times before settling on Avon.
In 1995 Avon became incorporated, and the town council was formed to oversee the development of the area. Avon’s first president, Bill Bailey, says that this initiative was vital to protecting the investment that locals had made in the area. It took them three and a half years to complete, but they were able to create a town with a strong police department, zoning and planning departments, and much more.
Located on the White River near the center of the state, Indianapolis is a bustling metropolis with many attractions and events to enjoy. The city is home to seven colleges, three Fortune 500 companies and two major sports teams.
Residents are surrounded by beautiful architecture, sprawling parks and urban trails. There are a number of museums to explore and monuments to take in, including the James Whitcomb Riley Memorial.
The city also boasts a first-of-its-kind Cultural Trail, a 13-kilometer urban bike and pedestrian path that connects the city’s cultural districts. It’s the perfect way to see Indy up close and personal!
The city’s wealth reflects its population diversity. It is home to people from all walks of life, and has more people in the computer and math fields than 95% of places in the US.
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.