Cost of Living in Speedway, IN
Population 13,622 · Indiana · Data vintage 2023
(100 = US avg)
Speedway is a smaller Indiana community of around 14000 residents, where median household incomes of $57,158 and housing costs ($209,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Geographically, Speedway sits roughly 6 miles west of Indianapolis city (balance). Housing prices track closely with Indianapolis city (balance)'s $207,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Speedway
The median home value in Speedway is $209,400 — 31% below the national median of $305,000. Median rent runs $1,120/month, 15% lower than the national median of $1,314/month. The median household income of $57,158/year is 23% lower than the US median of $74,580. The local unemployment rate is 4.9%, above the national average of 4.8%. Indiana's top state income tax rate is 3.0% and the combined sales tax is 7.0%. Overall, Speedway has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Speedway, IN?
Speedway has a cost index of 75 (100 = national average). It is 25% below the national average.
What is average rent in Speedway, IN?
The median gross rent in Speedway is $1,120 per month based on 2023 Census data.
What is the average home price in Speedway?
The median home value in Speedway is $209,400 according to Zillow and Census data.
What is the median income in Speedway?
The median household income in Speedway is $57,158 per year (2023 ACS 5-year estimates).
What is the sales tax in Speedway, IN?
The combined state and local sales tax rate in Speedway is 7.0%. The Indiana state income tax top rate is 3.0%.
Is Speedway, IN affordable?
Yes, Speedway is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.
Speedway at a Glance
- Population
- 13,622
- Median Income
- $57,158
- Home Value
- $209,400
- Median Rent
- $1,120/mo
- Unemployment
- 4.9%
- Sales Tax
- 7.0%
Nearby Cities
Explore county-level cost of living data
Indiana Rankings
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