Economic Outlook Rank Indiana is currently ranked 7th in the United States for its economic outlook.
Is Indiana a rich or poor state?
In 2020, the U.S. poverty rate was 11.4%, up a percentage point from the previous year. The rate varies widely from state to state, with most wealthy states having a poverty rate below 9%.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Idaho | $73,810 |
| Montana | $74,190 |
| Tennessee | $74,750 |
| Indiana | $75,025 |
How rich is the state of Indiana?
The Indiana Statehouse in Indianapolis is a symbol of the Hoosier state, which ranks 35th nationally in wealth, according to a new study. A new study found Indiana ranked 35th nationwide in wealth.
How is Indiana doing economically?
Overview of the Indiana Economy
Indiana’s gross state product (GSP) in 2019 reached $332.0bn, with growth of 1.1% over the 5-years to 2019. Businesses in Indiana employed a total of 24.2 million in 2018, with average annual employment growth of 2.6%.
Is Indiana a friendly state?
Indiana ranks among Top 10 friendliest states; Michigan in bottom half. A travel website has ranked Indiana just outside the Top 5 friendliest states, while Michigan places in the bottom half.
What is America’s richest state?
These Are the 10 Richest States in the U.S.
- Maryland. John GreimGetty Images.
- Massachusetts. Boston GlobeGetty Images.
- New Jersey. John MooreGetty Images.
- Hawaii. Mark BosterGetty Images.
- California. George RoseGetty Images.
- Connecticut. Brooks KraftGetty Images.
- Washington. Dan Callister/Getty Images.
- New Hampshire.
How depressing is Indiana?
The state ranked a depressing 49 out of 50 on our social relationships rank; only Rhode Island was lonelier. We also straggled along at No. 47 for purpose and No. 44 for physical.
Is Indiana a good state to live in?
Is Indiana a Good Place to Live? Indiana is one of the best states to live in because it boasts the lowest cost of living, low crime rates, and plenty of job opportunities with a growing automotive industry. As the state with the lowest cost of living, it also makes sense that it has incredibly affordable housing.
Is Indiana a depressing state?
May is Mental Health Awareness month. According to the National Alliance on Mental Illness, one in five adults have symptoms of a mental illness nationally.
How many millionaires are in Indiana?
List
| Rank | State | Number of millionaire households |
|---|---|---|
| 17 | Minnesota | 167,206 |
| 18 | Arizona | 161,014 |
| 19 | Tennessee | 139,335 |
| 20 | Indiana | 138,739 |
Does Indiana have a strong economy?
Economic Outlook Rank
Indiana is currently ranked 7th in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
What is the largest industry in Indiana?
In Indiana, chemical manufacturing is the largest industry, accounting for 6.1% of the state’s total GDP of $379.7 billion. The industry’s annual economic output totals $23.3 billion, a 15.6% increase over the last five years. Overall employment in the industry totals about 31,600, or 1.0% of all jobs in Indiana.
What is a good salary in Indianapolis?
The study says you need to earn $46,016 a year to have enough money for needs and wants. However, the median income for the city is $42,076, a shortfall of $3,940.
Is Indiana expensive to live?
Indiana is the tenth-cheapest state to live in the United States. Average costs are 10% lower than the national average, and costs in all categories are below the national average. Housing in Indiana is the eighth cheapest in the United States.
Are Indiana taxes high?
Indiana has a flat 3.23 percent individual income tax rate. There also are jurisdictions that collect local income taxes. Indiana has a 4.90 percent corporate income tax rate. Indiana has a 7.00 percent state sales tax rate and does not levy any local sales taxes.
What’s the best place to live in Indiana?
Moving to Indiana? These are the best places to live, according to Niche
- Carmel.
- Fishers.
- Zionsville.
- Granger.
- Westfield.
- Meridian Hills.
- Delaware Trails.
- Broad Ripple.
What is the poorest U.S. state?
Poverty rates were highest in the states of Mississippi (19.58%), Louisiana (18.65%), New Mexico (18.55%), West Virginia (17.10%), Kentucky (16.61%), and Arkansas (16.08%), and they were lowest in the states of New Hampshire (7.42%), Maryland (9.02%), Utah (9.13%), Hawaii (9.26%), and Minnesota (9.33%).
What are the 10 poorest states in the US?
These states and territories have the highest percentages of poverty in the country: Mississippi, Louisiana, New Mexico, Kentucky, Arkansas, West Virginia, Alabama, the District of Columbia, South Carolina, and Georgia.
What is the top 5 richest states in the United States?
Here are the 10 richest states:
- New York ($83,725)
- Massachusetts ($82,834)
- Washington ($79,987)
- Connecticut ($78,510)
- California ($78,019)
- Delaware ($75,835)
- Illinois ($68,364)
- Maryland ($68,332)
Is Indiana a boring state?
Indiana is ranked the 38th-most fun state in America, which is a polite way of saying its the 13th-most boring. Kentucky fared even worse, checking in as the 42nd-most fun state, or ninth-most boring.
What is it like living in Indiana?
Living in Indiana is pretty much the same as living in any other Midwest “fly-over” state. On the upside, the population is not very dense so it feels like you have some space to breathe, and traffic is light. Crime is low because corn outnumbers the bad guys. Schools are decent and Universities are great.