Your Ultimate Guide to Relocating to the Indianapolis Metro Area

Your Ultimate Guide to Relocating to the Indianapolis Metro Area

Your Ultimate Guide to Relocating to the Indianapolis Metro Area

ashley-cantley   Ashley Cantley
September 25, 2023   •   Relocation Tips

As the heart of Indiana, Indianapolis and its adjoining cities, Carmel and Anderson, offer a unique living experience. If you're considering relocating, you'll learn what makes this metro area stand out.

Why Relocate to the Indianapolis Metro Area?

There are a myriad of reasons to consider a move to Indianapolis. Here are the first few things you'll notice about the area right off the bat:

  • A vibrant culture that seamlessly blends the modern and the nostalgic.
  • The convenience of urban living with easy access to transportation and cutting-edge technology.
  • Genuine community friendliness, where people unite to bridge the gap between the old and the new.
  • It perfectly mixes Midwest hospitality, vibrant culture, and urban convenience. The friendliness here is as genuine as the breathtaking skyline.

A vibrant culture that seamlessly blends the modern and the nostalgic

Dive into the Demographics

The Indianapolis metro area is a vibrant and diverse community that attracts young professionals with its unique blend of urban convenience and Midwest hospitality. Here's a snapshot of the demographics:

  • The population is about 2,129,479
  • The medium age is 37
  • There are approximately 494.5 people per square mile
  • 51% are female
  • 69% are white, 15% black, 4% Asian, 7% Hispanic
  • The median household income is about $70,224
  • The average transport to work is about 29 minutes

Young professionals enjoy various amenities, including bars and restaurants, while also benefiting from the area's focus on economic development and growth. Indianapolis is a thriving environment that combines modern experiences with a strong sense of community and Midwestern charm.

Discover the Best Neighborhoods

Indianapolis offers a buzzing nightlife, art districts, eclectic shopping, and upscale living. You can find luxury meets leisure with a touch of elegance. At the same time, you can also find quiet suburban charm. Here's a deeper look at the neighborhoods:


  • Fountain Square: This vibrant neighborhood is known for its artistic charm, with numerous art galleries, live music venues, and trendy restaurants. It's the perfect place for a lively and creative atmosphere.
  • Broad Ripple: With its lively nightlife, eclectic shops, and beautiful parks, Broad Ripple is a millennial favorite. The neighborhood offers a mix of trendy boutiques, indie music venues, and a vibrant food scene.
  • Mass Ave: This trendy neighborhood is a hub for arts, culture, and entertainment. With its unique boutiques, art galleries, and award-winning restaurants, Mass Ave offers a vibrant and hip atmosphere that appeals to millennials.


  • Arts & Design District: This neighborhood is a haven for art enthusiasts and creative millennials. The Arts & Design District offers a vibrant and culturally rich environment with its art galleries, studios, and unique boutiques.
  • Midtown: With its mix of upscale shops, trendy restaurants, and beautiful parks, Midtown is a popular neighborhood for millennials. It offers a walkable and bike-friendly community, making exploring and enjoying the vibrant atmosphere easy.


  • Downtown Anderson: Known for its historic charm and small-town feel, Downtown Anderson offers a range of unique shops, local eateries, and community events. It's an excellent place for those who appreciate a close-knit community and a slower pace of life.

There are so many options - something for everyone in the Indianapolis metro area.

The Dollar Goes Further Here

The Indianapolis metro area offers an affordable cost of living, making it attractive, especially for young professionals to relocate. You can live a fulfilling lifestyle without breaking the bank:

  • When it comes to rent, groceries, and entertainment, there are a lot of options
  • Score a house in a popular neighborhood because costs are relatively lower compared to other metropolitan areas
  • The vibrant food scene offers food trucks and trendy restaurant options
  • Attend a fun event with numerous free or low-cost cultural and recreational activity options

Housing Market Dynamics

Here’s what the housing market looks like in Indianapolis:

Average Home Price: Homes at a median price that might surprise you. Value meets comfort in the real estate market. The median sold price in 2023 is about $235,243.

Inventory: A varied mix, from urban condos to sprawling suburbia. The real estate market caters to various tastes and preferences, and there are about 3,800 homes on the market, as of August 2023.

Trends: There's a growing interest in suburban areas with green spaces aplenty. As urbanites seek tranquility, these suburbs are becoming the hottest tickets in town.

Thrive in the Job Market

The job market in the Indianapolis metro area has seen extensive growth in recent years, making it an attractive place for new graduates looking for work:

  • The city has experienced an increase in the job market over the last year, and future job growth over the next ten years looks solid
  • Economists project that employment in the Indianapolis MSA will grow at an annual rate of 2.9% from 2021-2024

Top employers range from healthcare giants to tech startups, with opportunities abound. Names like Eli Lilly and Salesforce have strong presences here.

Educational Excellence

The Indianapolis metro area includes award-winning school districts preparing the next generation with top-notch education. It's an area also renowned for higher education institutions, including Indiana University-Purdue University Indianapolis.

Utilities and Services? They've Got You Covered!

Don't worry about finding reliable service providers in Indianapolis. Power cuts and water shortages? Not a common occurrence here. And there are even green initiatives like clean energy and efficient public transportation. It's an area focused on sustainability and a green future.

Things You Won't Want to Miss Out On

Here are the five things you don’t want to miss out on:

  1. Parks: Breathe in the fresh air at Eagle Creek Park or the Monon Trail. Reconnect with nature in these serene settings.
  2. Museums: You'll love the Children's Museum of Indianapolis or the Indianapolis Museum of Art.
  3. Sports: Don't miss the roar of the Indy 500 or the passion of Pacers basketball. The adrenaline never stops pumping!
  4. Food Scene: Dive into diverse eateries, from vegan delicacies to authentic international cuisines. Your taste buds are in for a rollercoaster ride.
  5. Special Events that Define the Area: Attend the riveting Carmel International Arts Festival. Celebrate the arts in all their glory. And experience the magic of Anderson's Christmas Parade. It's a festive spectacle that brings joy to every heart. Revel in the electric atmosphere at the Indy Pride Parade. Where love, unity, and pride take center stage.


NAF Homes Is Your Local Real Estate Connection

A person handing over a key to a couple of peopleDescription automatically generatedConsider this your invitation to dive into the exciting, vibrant, and ever-growing world of the Indianapolis Metro Area. As you embark on this new chapter, remember the area promises not just a house but a home. The only question is when you will connect with a real estate agent. Contact NAF Homes to pair with an experienced agent in the Indianapolis metro area.

FAQs: Because We Know You're Curious!

How much do you need to live comfortably in the Indianapolis-Carmel-Anderson area?

You'll get more bang for your buck here. Picture a comfortable lifestyle without the price tag. Think gourmet coffee without the upscale cafe prices.

Why do people move here?

People love the Indianapolis metro area for the charm, opportunities, and a life that feels just right.

What should you know before relocating to Indianapolis?

It's not just about the Indy 500; this metro area is bursting with culture, nature, and excitement. And it's a great place for professionals.

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