Here are 51 business stats about Indiana for 2025.
Basics:
Population: 6,862,199 (US Census 2020)
Population desnity per square mile: 189.40
GDP: $497,036 (millions USD)
GDP Per Capita: $73,047
Median household income (in 2022 dollars): $67,173
Real GDP Growth Rate: 1.40%
Total Employment: 3.4m
Unemployment Rate: 3.4%
Rankings
% Share of National Economy: 1.82%
State Economic Growth Rank (out of 50): 19
Population Growth Rank (out of 50): 26
Business Growth Rank (out of 50): 27
State Growth Rank in Employment (out of 50): 14
Biggest Industries In Indiana By Revenue
- Automobile & Light Duty Motor Vehicle Manufacturing: $34.8b
- Hospitals: $28.5b
- Health & Medical Insurance: $24.4b
- Truck, Trailer & Motor Home Manufacturing: $24.0b
- New Car Dealers: $22.3b
- Warehouse Clubs & Supercenters: $18.5b
- Iron & Steel Manufacturing: $17.5b
- Life Insurance & Annuities: $15.5b
- Gas Stations with Convenience Stores: $15.5b
- Gasoline & Petroleum Bulk Stations: $14.9b
Biggest Employers In Indiana
- Indiana University: 44,500 (1.3%)
- Walmart Inc.: 43,649 (1.3%)
- Indiana University Health, Inc.: 38,079 (1.1%)
- State Of Indiana: 31,649 (0.9%)
- Amazon.Com, Inc.: 22,000 (0.7%)
- The Kroger Co.: 19,325 (0.6%)
- Thor Industries, Inc.: 15,900 (0.5%)
- St. Vincent Health: 13,000 (0.4%)
- Purdue University West Lafayette: 10,000 (0.3%)
- Home Depot, Indiananc.: 5,262 (0.2%)
Small Businesses In Indiana
Number of Small Businesses 537,058
Percent of bossiness that are small businesses: 99.40%
Number of employees: 1,200,000
Share of Employment: 44.00%
Number of New Businesses In The Past Year: 18,944
Number of Businesses That Closed In The Past Year: 13,583
Net Change In New Businesses: 5,361
Number of Businesses With No Employees: 430,288
Number of Businesses with 1-19 Employees: 91,674
Number of Businesses with 20-499 Employees: 15,096
Share of Businesses Owned By Women: 42.50%
Share of Businesses Owned By Veterans: 6.80%
Share of Hispanic Owned Businesses: 4.50%
Share of Businesses Owned By Racial Minorities: 12.10%
Fortune 500 Companies In Indiana
Number of Fortune 500 Headquaters: 7
Biggest Company: Elevance Health
Biggest Company Type: Health Care: Insurance and Managed Care
Number of Employees: 102,300
Revenue (in millions): $156,595
Taxes In Indiana
State Corporate Tax Rate: 4.90%
State Corporate Tax Rate Brackets: $0
State Sales Tax Rate: 7.00%
State Sales Tax Rank (out of 50): 2
Average Local Sales Tax Rate: 0.00%
Max Local Sales Tax Rate: 0.00%
Average Combined Sales Tax Rate: 7.00%
Combined Sales Tax Rank (out of 50): 25
Minimum State Income Tax Rate If You’re Single: 3.00%
Minimum State Income Tax Rate If You’re Married: 3.00%
General Indiana Population Facts
In civilian labor force, total, percent of population age 16 years+: 63.80%
In civilian labor force, female, percent of population age 16 years+: 59.10%
Share of population which is foreign born: 5.60%
Mean travel time to work (minutes), workers age 16 years+: 24
Housing
Number of Housing Units: 3,002,605
Owner-occupied housing unit rate: 70.10%
Median value of owner-occupied housing units: $183,600
Median gross rent per month: $967
Households with a computer: 92.70%
Households with a broadband Internet subscription: 86.70%
Education
High school graduate or higher, percent of persons age 25 years+: 90.00%
Bachelor’s degree or higher, percent of persons age 25 years+: 28.20%
Also See
- Indiana Registered Agent Services
- Indiana Secretary of State Business Search
- How To Form an LLC In Indiana
- Indiana Bookkeepers & Bookkeeping Services
Sources
- https://en.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_GDP
- https://en.wikipedia.org/wiki/Economy_of_Indiana
- https://www.ibisworld.com/united-states/economic-profiles/indiana/
- https://taxfoundation.org/data/all/state/2024-sales-taxes/
- https://taxfoundation.org/data/all/state/state-corporate-income-tax-rates-brackets-2024/
- https://taxfoundation.org/data/all/state/state-income-tax-rates-2024/
- https://advocacy.sba.gov/2023/11/14/2023-small-business-profiles-for-the-states-territories-and-nation/
- https://advocacy.sba.gov/wp-content/uploads/2023/11/2023-Small-Business-Economic-Profile-IN.pdf
- https://www.bls.gov/eag/
- https://www.bls.gov/regions/midwest/indiana.htm#eag
- https://www.census.gov/quickfacts/fact/table/IN,US/PST045223
- https://www.50pros.com/fortune500
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