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EconPulse

Local economy signal dashboard

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PLACEThriving

Mccordsville, IN

Thriving overall. Population is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score85out of 100
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71
86
100
81
96

Population

10,329

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$4.9B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

86

2.4%

Unemployment is 2.4% for Latest available.

Vintage date unknown

State avg3.2%
U.S. avg4.3%

Population

+42.7% 5-year

100

10,329

Population moved +42.7% over the latest ACS window.

Vintage date unknown

State population6,851,073
U.S. population334,922,499

Housing

Rent share of income

81

13.9%

Median rent consumes 13.9% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.6K per resident

96

$609.6M

$609.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$609.6M

$7.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$472.9M
2. Department of Veterans Affairs$66.7M
3. Department of Transportation$42.5M

Top recipients

Dollars
1. INDIANA DEPARTMENT OF TRANSPORTATION$42.5M
2. MSM TECHNOLOGY LLC$9.5M
3. REDACTED DUE TO PII$3.2M

Affordable

Housing Affordability

13.9%

of median income

1BR estimate$1,052
2BR estimate$1,386
Median income$110,692
Median home value$345,400

ACS context

Quick Facts

Population

10,329

Median age

37.9

Bachelor's degree+

57.8%

Poverty rate

0.9%

Labor force participation

76.6%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+7.4%

GDP CAGR

+7.3%

Federal flow

5 years

Population (5 years)
20207,237
20218,629
20229,098
20239,700
202410,329
GDP (5 years)
2020$3.5B
2021$3.9B
2022$4.3B
2023$4.7B
2024$4.9B

2-year linear forecast

Predictive Outlook

Population forecast

202410,329
202511,175 *
202611,901 *

R² = 95.5% · * projected

GDP forecast

2024$4.9B
2025$5.4B *
2026$5.8B *

R² = 98.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$110,692/yr
Median rent$1,283/mo
Rent share of income13.9%
Est. mortgage (30yr, 6.5%)$20,958/yr
Mortgage share of income18.9%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.4%
State avg3.2%
U.S. avg4.3%
Labor force participation76.6%
Poverty rate0.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$345,400
Median monthly rent$1,283
Price-to-rent ratio22.4x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score84/100
Economic growth71/100
Labor market86/100
Population momentum100/100
Overall stability85/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

McCordsville town, Indiana

City/Town

Part of

Indianapolis-Carmel-Greenwood, IN

Nearby locations

Fortville, INLawrence, INFishers, INIngalls, INCumberland, IN