In 2023, the median household income in Indiana amounted to 76,910 U.S. dollars. This is an increase from the previous year, when the median household income in the state amounted to 70,030 U.S. dollars. The median household income for the United States as a whole can be accessed here.

Graph and download economic data for Real Median Household Income in Indiana from 1984 to 2023 about IN, households, median, income, real, and USA.

U.S. Census Bureau QuickFacts statistics for Indiana. QuickFacts data are derived from: Population Estimates, American Community Survey, Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits.

This U.S. Census Bureau American Community Survey (ACS) five-year estimates data set contains median family income estimates during the past 12 months and in inflation-adjusted dollars. The data is available for a number of geographies ranging from statewide to census tract level. The data is available for year 2009-2016. This includes the income of the householder and all related individuals 15 years old and over in the household. Income is based on “money” income–income received on a regular basis before payments for personal income taxes, social security, union dues, etc. Money income does not include noncash benefits that may be received.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Center township. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Center township. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Center township, the median household income stands at $74,779 for householders within the 45 to 64 years age group, followed by $71,818 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $54,531.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Center township median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Indiana. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Indiana. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Indiana, householders within the 45 to 64 years age group have the highest median household income at $86,250, followed by those in the 25 to 44 years age group with an income of $55,250. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $39,803. Notably, householders within the under 25 years age group, had the lowest median household income at $21,857.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Indiana median household income by age. You can refer the same here

Household data are collected as of March.

As stated in the Census's "Source and Accuracy of Estimates for Income, Poverty, and Health Insurance Coverage in the United States: 2011" (http://www.census.gov/hhes/www/p60_243sa.pdf):

Estimation of Median Incomes. The Census Bureau has changed the methodology for computing median income over time. The Census Bureau has computed medians using either Pareto interpolation or linear interpolation. Currently, we are using linear interpolation to estimate all medians. Pareto interpolation assumes a decreasing density of population within an income interval, whereas linear interpolation assumes a constant density of population within an income interval. The Census Bureau calculated estimates of median income and associated standard errors for 1979 through 1987 using Pareto interpolation if the estimate was larger than $20,000 for people or $40,000 for families and households. This is because the width of the income interval containing the estimate is greater than $2,500.

We calculated estimates of median income and associated standard errors for 1976, 1977, and 1978 using Pareto interpolation if the estimate was larger than $12,000 for people or $18,000 for families and households. This is because the width of the income interval containing the estimate is greater than $1,000. All other estimates of median income and associated standard errors for 1976 through 2011 (2012 ASEC) and almost all of the estimates of median income and associated standard errors for 1975 and earlier were calculated using linear interpolation.

Thus, use caution when comparing median incomes above $12,000 for people or $18,000 for families and households for different years. Median incomes below those levels are more comparable from year to year since they have always been calculated using linear interpolation. For an indication of the comparability of medians calculated using Pareto interpolation with medians calculated using linear interpolation, see Series P-60, Number 114, Money Income in 1976 of Families and Persons in the United States (www2.census.gov/prod2/popscan/p60-114.pdf).

Graph and download economic data for Estimate of Median Household Income for Marion County, IN (MHIIN18097A052NCEN) from 1989 to 2023 about Marion County, IN; Indianapolis; IN; households; median; income; and USA.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Indiana, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Indiana. Across the different household sizes in Indiana the mean income is $88,267, and the standard deviation is $24,544. The coefficient of variation (CV) is 27.81%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2023, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $36,508. It then further increased to $100,849 for 7-person households, the largest household size for which the bureau reported a median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Indiana median household income. You can refer the same here

Median Household Income - Indiana: 39 years of historical data from 1984 to 2023.

Graph and download economic data for Estimate of Median Household Income for Hamilton County, IN (MHIIN18057A052NCEN) from 1989 to 2023 about Hamilton County, IN; Indianapolis; IN; households; median; income; and USA.

Income in 2023 C-CPI-U (2000-2023) and R-CPI-U-RS (pre-2000) adjusted dollars.

Graph and download economic data for 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Hendricks County, IN (MHICILBIN18063A052NCEN) from 1989 to 2023 about Hendricks County, IN; Indianapolis; IN; households; median; income; and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Indiana, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 16,520, while the mean income for the highest quintile (20% of households with the highest income) is 226,387. This indicates that the top earners earn 14 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 396,992, which is 175.36% higher compared to the highest quintile, and 2403.10% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Indiana median household income. You can refer the same here

Median Household Income in Indiana was 76910.00000 Current $ in January of 2023, according to the United States Federal Reserve. Historically, Median Household Income in Indiana reached a record high of 76910.00000 in January of 2023 and a record low of 22520.00000 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for Median Household Income in Indiana - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Indiana County, PA (MHICIUBPA42063A052NCEN) from 1989 to 2023 about Indiana County, PA; PA; households; median; income; and USA.

About this dataset

Context

The dataset illustrates the median household income in Indiana County, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Indiana County increased by $2,225 (3.94%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 7 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Indiana County median household income. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Madison County, IN (MHIIN18095A052NCEN) from 1989 to 2023 about Madison County, IN; Anderson; IN; households; median; income; and USA.

About this dataset

Context

The dataset tabulates the Indiana County household income by gender. The dataset can be utilized to understand the gender-based income distribution of Indiana County income.

Content

The dataset will have the following datasets when applicable

Please note: The 2020 1-Year ACS estimates data was not reported by the Census Bureau due to the impact on survey collection and analysis caused by COVID-19. Consequently, median household income data for 2020 is unavailable for large cities (population 65,000 and above).

• Indiana County, PA annual median income by work experience and sex dataset : Aged 15+, 2010-2022 (in 2022 inflation-adjusted dollars)
• Indiana County, PA annual income distribution by work experience and gender dataset (Number of individuals ages 15+ with income, 2022)

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Interested in deeper insights and visual analysis?

Explore our comprehensive data analysis and visual representations for a deeper understanding of Indiana County income distribution by gender. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Hancock County, IN (MHIIN18059A052NCEN) from 1989 to 2023 about Hancock County, IN; Indianapolis; IN; households; median; income; and USA.