Living in Speedway, Indiana
Cost of living, income, home prices, rent and demographics of Speedway · Census data 2020–2024
Speedway has 13,968 residents with a median age of 34.5. The median household income is $60,147 (16% lower than the Indiana median), the median home value is $228,600, the median rent is $1,141/month.
Speedway at a glance
- Population
- 13,968
- Median age
- 34.5State: 38.1
- Median household income
- $60,147State: $71,957
- Median home value
- $228,600State: $218,200
- Median rent
- $1,141/moState: $1,062
- Homeowners
- 45.2%
- Bachelor's degree or higher
- 34.3%
- Average commute
- 22 min
Is Speedway a good place to live?
Pros: An average commute of 22 minutes.
Cons: Median household income 16% lower than the Indiana median; home values 5% higher than the state median; unemployment of 5.8%; a poverty rate of 17.5%.
The weather is best in May–June and August–September.
Cost of living in Speedway
Housing is the biggest part of the cost of living. In Speedway the median home value is $228,600, 31% lower than the U.S. median. Renters pay a median of $1,141 per month, which is 28.8% of household income. Homeowners with a mortgage pay $1,422 a month in housing costs.
Speedway median household income
The median household income in Speedway is $60,147 and the income per person is $34,395. 17.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Speedway: homes for sale and rent
- Housing units
- 6,546
- Owner-occupied
- 45.2%
- Renter-occupied
- 54.8%
- Vacant
- 6.9%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.29
Speedway demographics
- Population
- 13,968
- Median age
- 34.5
- Under 18
- 26.7%
- 65 and older
- 13.4%
- Households
- 6,095
- Foreign-born
- 24.4%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Speedway ›
Education in Speedway
34.3% of adults 25 and older in Speedway have a bachelor's degree or higher (Indiana: 29.5%), and 10.9% have a graduate or professional degree.
Jobs and commute in Speedway
- Unemployment rate
- 5.8%State: 4.3%
- Average commute
- 22 minState: 24 min
- Work from home
- 12.3%
- Drive alone
- 73.2%
- Public transit
- 2.2%
- Walk to work
- 1.7%
- Homes with broadband
- 90.8%
Speedway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Speedway | 13,968 | $60,147 | $228,600 | $1,141 |
| Wynnedale | 210 | $111,250 | $350,000 | — |
| Clermont | 1,468 | $82,083 | $194,000 | $1,068 |
| Rocky Ripple | 631 | $72,813 | $194,800 | $1,463 |
| Crows Nest | 109 | $250,001 | $2,000,001 | — |
| Brownsburg | 31,215 | $102,235 | $309,400 | $1,486 |
| Meridian Hills | 1,767 | $211,528 | $661,700 | — |
| Avon | 23,437 | $98,486 | $323,800 | $1,538 |
| Williams Creek | 417 | $250,001 | $1,201,400 | — |
More for people moving to Speedway
Speedway ZIP code ›Weather and climate ›Living in Speedway: FAQ
What is the median household income in Speedway, IN?
The median household income in Speedway is $60,147, 16% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Speedway?
The median home value in Speedway is $228,600, compared with $218,200 in Indiana.
How much is rent in Speedway?
The median gross rent in Speedway is $1,141 per month, about 28.8% of household income.
Is Speedway, IN a good place to live?
Pluses: an average commute of 22 minutes. Minuses: median household income 16% lower than the Indiana median; home values 5% higher than the state median; unemployment of 5.8%; a poverty rate of 17.5%.
What is the median age in Speedway?
The median age in Speedway is 34.5 years (Indiana: 38.1).
How long is the commute in Speedway?
The average commute to work in Speedway is 22 minutes; 12.3% of workers work from home.
What is the unemployment rate in Speedway?
The unemployment rate in Speedway is 5.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Speedway?
34.3% of adults in Speedway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: