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Economy Profile

Hendricks County

  • Indiana State
  • October, 2024
TSAC-CFD-18063

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 9510160
AVG Real Growth (2017-2022)
3.08 %
Unemployment Rate (May, 2024)
4 %
Labor Force Size
98249
Number of Businesses
4129
Average Annual Wage
$ 51414

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 9510160
GDP Per Capita
$ 54146
GDP Growth Rate (2022)
2.7 %
Average Growth Rate (2017-2022)
3.08 %
Goods Producing Contribution (%)
15.4%
Service Providing Contribution (%)
73.8%
Goverment Contribution
10.8%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
98249
Labor Force Growth
1.15%
Unemployment
3953
Unemployment Rate
4%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
82.5%
Employment Rate (with Bachelor's Degree)
88.9%
Employment Rate (75+ y.o.)
7.8%
Employment Rate (Black)
72%
Employment Rate (Female)
80.5%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
4129
Number of Employment
79880
Annual Average Wages
$ 51414
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 72772
Service-providing (avg pay)
$ 47664
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 95261
Household Income (Median)
$ 117133
Per Capita Income
$ 43651
Per Capita Income Growth (2010-2022)
51.1 %
Gini Index
0.3942*
Poverty Rate
5.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov