How is Indianapolis Doing?

A monthly look at how the Indianapolis metro area is recovering and emerging from the Covid-19 pandemic

The COVID-19 pandemic has impacted nearly every aspect of life in American cities for the past two years. Indianapolis is no exception. Beyond the devastating loss of life and lingering health effects for our friends and neighbors, the pandemic upended our economy, daily routines, and many other facets of life.

This project tracks the ongoing pandemic recovery in Indianapolis with regularly updated visualizations on some of the most pressing and challenging issues in our community.

This project was inspired by The City, based in New York City. Special thanks to our intern team of Aravind Chintalapudi, Sai Chirag, Ted Deitz, Veena Mahesh, and Shruti Mukadam for their work to keep this data updated.

Subscribe to our substack for monthly updates on how these indicators are changing.


The COVID-19 pandemic created one of the biggest global economic downturns in history. The stock market crash of 2020, supply chain disruptions, and general economic uncertainty led to layoffs at an almost unprecedented rate. The overall US unemployment rate peaked at 14.7 percent in March 2020 near the pandemic’s beginning and has just recently returned to the pre-pandemic (February 2020) rate of around 3.6 percent.

Through much of the recovery, Indianapolis’ unemployment rate was lower than the nation’s. It increased in spring 2022, but this was because more people joined the labor force, not because people lost jobs.


Indianapolis’s unemployment rate has decreased slightly from 3.8% in August to 3.2% in October. The nationwide rate also decreased slightly from August to November, from 3.8% to 3.7%.

The national unemployment rate has remained the same in December but the Data for December 2023 for Indianapolis is not available as of yet.

Unemployment Rates since January 2019

Indianapolis and United States

Employed Persons

The recovery from the unemployment high of 14 percent in April 2020 was slow and steady. Indianapolis gained jobs each month between May and August of 2020. Job growth stalled during the winter of 2020-2021, but was steady during the spring and summer of 2021, finally hitting pre-pandemic levels in July 2021. However, another decline occurred in September 2021 as the Delta variant caused a peak in COVID-19 cases, resulting in 3,000 lost jobs.

Since then, despite the Omicron variant causing the highest case number peak in the winter of 2021-2022, job growth has been steady.


The latest data from BLS shows Indianapolis lost over 1,300 jobs in August 2023 and further lost over 6,600 in September 2023. Since October 2023, there has been an upward trend in the number of jobs, as they increased by 3,481 in November 2023.

Data for December 2023 is not available as of yet.

Monthly number of employed people compared to February 2020


Monthly change in employed people


Employment in Key Sectors

Not all sectors of the economy were impacted equally. Many people decided to stay home more than they had before COVID-19, causing sectors like online shopping to boom while sectors like hotels and air travel (‘Leisure and Hospitality’ on the chart below) struggled.

If you’d like to know more about the sectors and the types of jobs included in each, you can look at the groupings here.


December 2023: Bureau of Labor Statistics sector employment numbers

Construction continued to surge and Information continued to decline compared to pre-pandemic levels. Other Services which have recently surpassed the pre-pandemic 5-year average continues to grow.

December 2023 Employment in Key Sectors Compared to Pre-Pandemic 5-Year Average

Indianapolis Metro Area

Housing Prices

Even if you were not house hunting during the past few years, you have no doubt heard about the difficulty in finding affordable housing. It is a nationwide problem that hit Indianapolis hard. The median home price in the Indianapolis metro area increased by over $60,000 between 2020 and 2022. Prices have become so high that for the first time since the Federal Reserve Bank of Atlanta began their affordability index in 2014, the Indianapolis Metro Area has been designated as an "unaffordable" housing market.


The median home price in the Indianapolis metro area declined in August 2022 for the first time in nearly a year. After gradually increasing since January 2023, prices declined for the first time in 2023 in August and continued to decline with the price in November 2023 being $291k.

Data for December 2023 is not available as of yet.

Median Home Price

Indianapolis Metro Area

How Long are Houses on the Market?

In addition to rising prices, homes are also listed on the market for much shorter periods than in previous years. While the specific number of days is highly cyclical, the downward trend both nationwide and in Indianapolis is clear. 



Post January 2023, there has been a decrease in median days on market for both the Indianapolis area and nationally. But the period seems to increase gradually since August 2023.

Median days on market increased from 36 to 57 days in Indianapolis since August 2023, also increasing from 43 to 61 days nationwide since May 2023.

Median Days on Market for Residential Property Listings

Indianapolis Metro Area

Monthly Rent

Not everyone owns a home. One third of Central Indiana households rent, and rent has also been increasing over the past few years, albeit at a much slower pace than home prices. Rent increased 1.2% per month in 2021, compared to just 0.3% per month in 2020.

If you'd like to compare rents in Central Indiana to other metros, see Apartment List.


Central Indiana's average monthly rent has fluctuated from September 2022 to February 2023, but has been gradually increasing since February 2023, and currently hovering around $1,200 per month in December 2023.

Average Monthly Rent

Indianapolis Metro Area

Gas Prices

The discussion about inflation in the U.S. economy has dominated news coverage during the pandemic and has topped the list of American's concerns recently, as tracked by Gallup. Inflation is driven by pandemic relief funding, disrupted supply chains, and Russia's attack on Ukraine. For many consumers, gas prices were the most obvious sign of price increases.

Gas prices have risen everywhere in the country, but in Indiana our especially high gas taxes have combined with inflation to produce particularly high prices. Recent months have finally shown a decline in prices.

The figures below show prices in Indianapolis compared to one month and one year ago at this same time.

Gas Prices

Indianapolis, as of 01/08/24


Gas prices have increased very slightly, with the current average price about 0.07 cents more when compared to this time last month. Prices are also about 39 cents lower than a year ago.

Public Transit Usage

Public transit ridership has been down nationwide since the onset of the COVID-19 pandemic. Fears of contracting the virus from sitting in close proximity with other riders, the increase of work-from-home arrangements, and other potential factors pushed transit agencies into a new era of public transportation. In Indianapolis, IndyGo is in the midst of major upgrades to the transit system through the installation of Bus Rapid Transit (BRT) lines. Below, you can see IndyGo ridership systemwide and by route compared to both the particular month in 2019 and also year-to-date compared to this point in 2019.

Although ridership has dipped for nearly every route, the Red Line has seen an increase since 2020. (The Red Line opened in September 2019.) 


October 2023 saw the highest rate of ridership since the onset of the COVID-19 pandemic in March 2020. Usage was up to 590k passengers. Ridership in December of 2023 went down from October 2023 by about 64k passengers but was over 193k more than in December of 2022.

Additionally, IndyGo has stopped publishing Individual Route Ridership data since November 2023.

Total Monthly Ridership

Individual Route Ridership

Office Occupancy

By now you've probably read an article or two about how downtown office buildings are struggling to return to pre-pandemic levels of usage. Kastle Systems, an office facility security provider, tracks how many people are swiping their key cards to enter office buildings in major metro areas. Nationwide, the weekly average share of employees going into the office has hovered around 40 to 45 percent of pre-pandemic levels.

While we don't have that data available for Indianapolis, real estate firm Cushman & Wakefield does publish quarterly reports on the office building market for our metro area. Their reports track two key indicators for the health of the office market: vacancy rate and net absorption rate. Vacancy rate is the percentage of office building square feet that could be occupied, but is not. Net absorption shows whether there has been more square footage leased than vacated, resulting in a positive rate. A negative net absorption rate means that more square footage has been vacated than leased.

Indianapolis Metro Area: Office Real Estate Indicators


In Q4 2023, net absorption was -60K SqF in the Northeast and -54K SqF in the South. Despite strong leasing activity in the Northwest, Keystone, and Midtown submarkets, current tenants vacating their space offset and outpaced any new leases in downtown Indy and overall in the Indy metro area.


Murders increased 27% in 2020 nationwide, the largest single year jump in over 60 years. Then, in 2021, they increased again. In 2022, homicides have actually been declining around the country. Here in Indianapolis, there has been an intense focus on the murder rate and increase in violent crime locally. 2021 had the highest number of homicides in the city's history, but things started to trend downward in 2022.

*Previous versions of these charts were sourced from IndyStar, which is no longer tracking the total number of homicides by year. As a result, we now source from WRTV, which has slightly different numbers but trends remain the same.


2023 has shown a decline in homicides per 100,000 people when compared to previous years. The monthly average number of homicides per 100K has been improving since 2021, with 2023 recording the lowest so far since 2019.

Homicides by Year, per 100,000 population

Marion County, Indiana

Monthly Average of Homicides per 100,000 Population

Marion County, Indiana

Pandemic Relief Funding

Indianapolis received $420 million in relief from from the American Rescue Plan Act. $91 million was spent on replacing lost revenue due to the pandemic and $27 million will be spent on property tax relief for homeowners. The remaining $303 million will be spent on anti-violence programs, economic recovery, and neighborhood investments.

For a list of some of the programs that will be funded, see this budget book that was presented to City-County Council in August 2022.

The chart below shows the total relief spending so far from the American Rescue Plan Act. Obligated funding is committed to a program but not spent. Spent funding represents actual program expenditures. As more information becomes available, we will add data on spending categories and impacts.


Cumulative pandemic relief spending

Quarterly amount represents a cumulative total since the beginning of the program


Through the first quarter of 2023, $238 million has been obligated and $162 million has been spent for programs funded by the American Rescue Plan Act. Data is unavailable for 2023 quarters post Q1.

Total spending by category

Cumulative spending at the end of each quarter

Subscribe for updates

We will continue to update this page as new data becomes available and add metrics important to the city's recovery over time. If you'd like to receive monthly updates on each of these measures in your email inbox, subscribe below.


Read more about