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.

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

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).

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

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

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.

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

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

In 2023, the per capita personal income in Indiana was 61,243 U.S. dollars. Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area.

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

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.

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 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.

Estimate of Median Household Income for Indiana was 69458.00000 $ in January of 2023, according to the United States Federal Reserve. Historically, Estimate of Median Household Income for Indiana reached a record high of 69458.00000 in January of 2023 and a record low of 27769.00000 in January of 1989. Trading Economics provides the current actual value, an historical data chart and related indicators for Estimate of Median Household Income for Indiana - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Estimate of Median Household Income for Morgan County, IN (MHIIN18109A052NCEN) from 1989 to 2023 about Morgan County, IN; Indianapolis; IN; households; median; income; and USA.

About this dataset

Context

The dataset presents the median household income across different racial categories in Indiana township. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Indiana township population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 87.36% of the total residents in Indiana township. Notably, the median household income for White households is $113,452. Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $202,625. This reveals that, while Whites may be the most numerous in Indiana township, Asian households experience greater economic prosperity in terms of 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.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Indiana township.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

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 township median household income by race. You can refer the same here

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.

Graph and download economic data for Estimate of Median Household Income for Boone County, IN (MHIIN18011A052NCEN) from 1989 to 2023 about Boone County, IN; Indianapolis; IN; households; median; income; and USA.

Graph and download economic data for Estimate of Median Household Income for Allen County, IN (MHIIN18003A052NCEN) from 1989 to 2023 about Allen County, IN; Fort Wayne; IN; households; median; income; and USA.