Richest Cities In Indiana For 2020


We analyzed 121 places in Indiana to determine where the 1% live.

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Indiana.

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Want to know where you can rub elbows with Indiana's finest? You're in the right spot.

No, you won't find the richest people in the state's biggest cities like Indianapolis or Gary. But, today is your lucky day: HomeSnacks knows where Indiana's richest people live and we've created a list of the top ten richest places in The Hoosier State for 2020 and listed them below. However, before you head down to Indiana's top ten list, we suggest you take a second and read how we identified Indiana's cream of the crop. First, we took a look at the latest Census data from the American Community Survey for 119 Indiana cities with more than 5,000 residents. One thing we discovered is that Indiana is following the latest trends in terms of population to wealth ratio: basically, the population for every one of the states top ten richest places is on the lower end because these places house the one percent.

Secondly, we looked at median income and unemployment and poverty rates for each and assigned a score. To be honest, if you're going to live in one of Indiana's richest places you're going to need a big bank account and a high paying job. Heck, the median income in these places makes Beverly Hills, California look like the home to the middle class. And in terms of jobs, the highest paying jobs in this flyover state are in healthcare and sales. We just recommend that you steer clear of McCordsville due to their sky high unemployment rate.

So, want to know where the people who can afford to fly first class on the regular live in Indiana? Keep reading.

If you choose to live in one of Indiana's richest places, you are choosing to live where people work hard and it shows. And, yes. the neighborhoods in these places are super safe, the schools are producing, and there's a lot to do. And although Indiana is not currently one of the top ten fastest growing states, once this list gets out, all of that will change. So don't wait!

So, where is the richest place in Indiana? According to the latest data, that would be McCordsville.

To see the other places that made Indiana's richest list, take a look below. And if you don't find what you're looking for there, head to the bottom.

Rich people not your cup of tea? Feel free to check out some more reading about Indiana:

The 10 Richest Cities In Indiana For 2020

Mccordsville, IN

Overall SnackAbility

7
/10

Population: 6,523
Rank Last Year: 8 (Up 7)
Median Income: $97,100
Unemployment Rate: 0.9%
Poverty Rate: 2.5%
More on Mccordsville: Real Estate | Data | Photos

McCordsville is a town in Vernon Township, Hancock County, Indiana, United States. The population was 4,797 at the 2010 census.

Carmel, IN

Overall SnackAbility

10
/10

Population: 90,163
Rank Last Year: 3 (Up 1)
Median Income: $116,867
Unemployment Rate: 2.3%
Poverty Rate: 3.5%
More on Carmel: Real Estate | Data | Photos

Carmel is a suburban city in Hamilton County, Indiana, United States, located immediately north of Indianapolis. It has been one of the fastest-growing communities in the country. In 2012, Carmel was selected as the "Best Place to Live in the United States" by CNN Money magazine, and received the same designation by Niche.com in 2017. The population was 79,191 as of the 2010 and was estimated to be 91,065 in 2016 by the US Census Bureau, making it the fifth-largest city in Indiana.

Review Of Carmel by HomeSnacks User

I know someone who moved to Carmel and she thinks she's above everybody else. The only reason she lives there is she rents. She married a much older guy who she thinks has lots of money. When that well runs dry, she'll be off to find number 6.

Zionsville, IN

Source: Public domain
Overall SnackAbility

10
/10

Population: 26,209
Rank Last Year: 1 (Down 2)
Median Income: $132,409
Unemployment Rate: 3.1%
Poverty Rate: 2.6%
More on Zionsville: Real Estate | Data | Photos

Zionsville is a suburban town located in the extreme southeast area of Boone County, Indiana, United States, northwest of Indianapolis. The population was 14,160 at the 2010 census, and grew to 26,784 in the Census 2016 estimates.

Source: Public Domain
Overall SnackAbility

6
/10

Population: 6,787
Rank Last Year: 5 (Up 1)
Median Income: $78,929
Unemployment Rate: 2.0%
Poverty Rate: 4.8%
More on Hunte: Real Estate | Data

Winfield, IN

Overall SnackAbility

6
/10

Population: 5,543
Rank Last Year: 4 (Down 1)
Median Income: $99,926
Unemployment Rate: 3.7%
Poverty Rate: 2.4%
More on Winfield: Real Estate | Data | Photos

St. John, IN

Source: Public domain
Overall SnackAbility

10
/10

Population: 16,839
Rank Last Year: 2 (Down 4)
Median Income: $105,198
Unemployment Rate: 3.7%
Poverty Rate: 3.3%
More on St. John: Real Estate | Data | Photos

St. John is a town in Lake County, Indiana, United States. The town of St. John has homes in St. John Township, Hanover Township, and Center Township. St. John was founded in 1837. The population was 14,850 at the 2010 census. In 2009, St. John ranked 48th among CNN's top 100 places to live in the United States. In 2014, St. John was ranked as the 4th safest place in Indiana by Movoto Real Estate.

Westfield, IN

Overall SnackAbility

6
/10

Population: 37,769
Rank Last Year: 7 (No Change)
Median Income: $93,002
Unemployment Rate: 2.7%
Poverty Rate: 5.8%
More on Westfield: Real Estate | Data | Photos

Westfield is a city in Hamilton County, Indiana, United States. As of the 2010 census the population was 30,068, and in 2016 the estimated population was 37,221. Westfield is in the Indianapolis Metropolitan Area.

Whitestown, IN

Overall SnackAbility

9
/10

Population: 7,220
Rank Last Year: 14 (Up 6)
Median Income: $77,802
Unemployment Rate: 2.9%
Poverty Rate: 5.5%
More on Whitestown: Real Estate | Data | Photos

Bargersville, IN

Overall SnackAbility

8.5
/10

Population: 6,950
Rank Last Year: 6 (Down 3)
Median Income: $82,036
Unemployment Rate: 3.8%
Poverty Rate: 4.4%
More on Bargersville: Real Estate | Data | Photos

Bargersville is a town in White River and Union townships, Johnson County, Indiana, United States. The population was 4,013 at the 2010 census.

Overall SnackAbility

9
/10

Population: 5,955
Rank Last Year: 10 (No Change)
Median Income: $63,901
Unemployment Rate: 2.8%
Poverty Rate: 5.5%
More on New Whiteland: Real Estate | Data

New Whiteland is a town in Pleasant Township, Johnson County, Indiana, United States. The population was 5,472 at the 2010 census.

How We Determined The Richest Places In Indiana For 2020

Map Of The Richest Places To Live In Indiana
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.

However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:

  • Poverty Level
  • Median Household Income
  • Unemployment Rate

Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.

After we collected the data for all 119 places with more than 5,000 people in Indiana, we ranked each place from 1 to 119 for each of the criteria, with 1 being the richest.

We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, McCordsville, crowned the "Richest City In Indiana For 2020". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 119 places.

There You Have It - The Wealthiest Places In Indiana For 2020

Like we said earlier, when we set out to identify the richest places in Indiana, we weren't sure what we'd encounter, but it ended up being some of the best places to live in Indiana.

When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.

If you're curious enough, here are the poorest cities in Indiana, according to data:

Poorest: Gary
2nd Poorest: East Chicago
3rd Poorest: Marion

For more Indiana reading, check out:

Detailed List Of The Richest Cities In Indiana

Rank City RichScore Median Income
1 Mccordsville 2.67 $97,100
2 Carmel 6.33 $116,867
3 Zionsville 6.67 $132,409
4 Hunte 10.67 $78,929
5 Winfield 11.33 $99,926
6 St. John 11.67 $105,198
7 Westfield 12.0 $93,002
8 Whitestown 13.67 $77,802
9 Bargersville 16.0 $82,036
10 New Whiteland 17.0 $63,901
11 Crown Point 17.33 $77,537
12 Noblesville 17.33 $77,717
13 Danville 18.67 $75,653
14 Brownsburg 18.67 $70,354
15 Munster 20.33 $81,234
16 Cumberland 21.67 $72,626
17 Schererville 24.33 $68,558
18 Tipton 25.0 $51,420
19 Avon 25.0 $91,587
20 Jasper 26.0 $57,316
21 Lebanon 27.33 $50,480
22 Sellersburg 28.0 $62,143
23 Nappanee 29.0 $52,744
24 Greenwood 30.67 $62,025
25 Dyer 31.0 $84,375
26 Highland 32.33 $63,699
27 Yor 33.33 $61,071
28 Chesterton 34.33 $68,250
29 Greensburg 35.67 $53,436
30 Batesville 37.33 $54,335
31 Columbus 37.33 $60,152
32 Valparaiso 38.67 $54,563
33 Rochester 40.0 $46,409
34 Greenfield 41.0 $53,061
35 Plainfield 41.0 $62,828
36 Griffith 41.33 $61,782
37 Charlestown 42.67 $45,607
38 Columbia City 43.0 $49,265
39 Jeffersonville 43.33 $55,828
40 Greencastle 43.33 $45,713
41 Franklin 44.0 $59,064
42 Rensselaer 44.67 $44,394
43 Princeton 45.67 $45,274
44 Lowell 45.67 $63,471
45 Monticello 45.67 $44,276
46 Warsaw 48.33 $53,637
47 Ellettsville 48.67 $50,850
48 Bluffton 49.33 $42,201
49 Angola 51.67 $42,857
50 Shelbyville 51.67 $51,373
51 Auburn 52.33 $48,684
52 Decatur 53.0 $43,528
53 Cedar Lake 54.33 $65,067
54 Huntingburg 54.33 $43,431
55 Merrillville 56.33 $59,465
56 Tell City 57.0 $44,115
57 Mooresville 57.0 $55,554
58 Boonville 57.33 $40,938
59 Kendallville 58.0 $42,278
60 Huntington 58.0 $43,996
61 Clarksville 59.33 $42,744
62 Portage 60.33 $54,245
63 Goshen 60.67 $48,399
64 Garrett 61.0 $43,712
65 North Manchester 62.0 $51,086
66 Hobart 63.0 $57,181
67 New Albany 63.67 $46,306
68 New Haven 64.0 $49,522
69 Scottsburg 65.0 $41,986
70 Crawfordsville 65.33 $42,082
71 Fort Wayne 68.33 $48,023
72 Mount Vernon 68.67 $53,259
73 Mishawaka 68.67 $41,914
74 Alexandria 69.0 $52,051
75 Bedford 69.0 $40,675
76 Lawrence 71.33 $52,048
77 North Vernon 71.67 $44,000
78 Lafayette 71.67 $45,639
79 Wabash 72.0 $42,039
80 Westville 72.67 $43,510
81 Seymour 73.0 $43,091
82 Gas City 74.67 $42,059
83 Rushville 77.67 $41,307
84 Indianapolis 77.67 $46,442
85 Martinsville 77.67 $46,635
86 Frankfort 79.0 $40,889
87 Kokomo 79.67 $43,558
88 Speedway 80.67 $41,325
89 Washington 84.67 $40,645
90 Portland 87.67 $37,818
91 Hartford City 87.67 $37,083
92 Elwood 88.67 $40,122
93 West Lafayette 89.67 $33,270
94 Hammond 92.0 $44,926
95 Evansville 92.67 $38,646
96 Richmond 94.0 $37,145
97 Beech Grove 95.33 $40,741
98 Salem 95.67 $34,775
99 Connersville 95.67 $33,415
100 Brazil 96.33 $37,992

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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