1st Advantage MortgageIn Hamilton County, Indiana, the typical household earns $121,530 a year and the typical rent is $1,574. A loan makes sense only if its total cost beats your alternatives and the payment fits your budget. Check the lender's Indiana license first.
On this page
- Hamilton County, IN: the basics
- Jobs and commutes in Hamilton County
- Paychecks and income spread in Hamilton County
- Hamilton County housing compared with Indiana
- Counties near Hamilton County
- Towns and communities in Hamilton County
- Room for a loan payment in Hamilton County
- Borrowing situations common in Hamilton County
- Hamilton County households compared
- Who licenses lenders for Hamilton County residents
- Steps before you apply in Hamilton County
- Nearby and statewide guides
- Frequently asked questions
Hamilton County, IN: the basics
With an estimated 365,056 residents (ACS 2020 to 2024), Hamilton County ranks 4th of 92 in Indiana for population. Packed into 394 square miles, that is close to 926 residents for every square mile of land. It is one of the counties that make up the Indianapolis-Carmel-Greenwood, IN metropolitan statistical area (OMB, 2023). Of the 8 Census places inside Hamilton County, Fishers leads by population with about 102,337; 8 of the 8 are incorporated.
Jobs and commutes in Hamilton County
Education and health care employs 25% of working residents, the largest share; professional and administrative services is next with 16%. Compared with Indiana, the county leans toward professional and administrative services (16% against 9%). Averaged over the five survey years, 2.8% of the labor force was out of work and looking. Long commutes are the exception here: 14% of workers spend 45 minutes or longer getting to work.
| Industry | Share of Hamilton County workers | vs Indiana |
|---|---|---|
| Education and health care | 24.7% | +1.3 pts |
| Professional and administrative services | 15.9% | +6.6 pts |
| Manufacturing | 11.0% | -7.0 pts |
| Finance, insurance and real estate | 10.2% | +5.0 pts |
| Retail trade | 10.0% | -0.7 pts |
| Arts, lodging and food service | 7.2% | -0.6 pts |
A lender verifies what your own job pays. The county's industry mix tells you about the local economy, not about your application.
Paychecks and income spread in Hamilton County
At $121,530, the typical Hamilton County household income is 85% above the median U.S. county ($65,681). That places it 1st among Indiana's 92 county-level areas.
| Household income | Hamilton County | vs Indiana |
|---|---|---|
| Under $35,000 | 9.3% | -13.3 pts |
| $35,000 to $99,999 | 32.0% | -11.4 pts |
| $100,000 to $199,999 | 33.8% | +7.9 pts |
| $200,000 or more | 25.0% | +16.8 pts |
The spread is wide: 59% of Hamilton County households make $100,000 or more, and 9% make less than $35,000. 4.4% of residents fall below the federal poverty line (statewide: 12.3%). For a borrower in Hamilton County, the county median is only context: a lender looks at the income you can document, so pay stubs, benefit letters or tax returns matter more than any average.
Hamilton County housing compared with Indiana
A typical Hamilton County rental runs $1,574 a month including utilities, which is 48% above Indiana. 42% of renting households spend 30% or more of income on rent, and 18% spend half or more. With a median value of $405,500, a typical Hamilton County house costs 3.3 times what the median household earns in a year. 76% of Hamilton County households own their home and 24% rent. The median year built is 2001.
| Cost | Hamilton County | Indiana figure | Median county, U.S. |
|---|---|---|---|
| Median gross rent | $1,574/mo | $1,062/mo | $877/mo |
| Median home value | $405,500 | $218,200 | $185,300 |
| Owners | 76% | 71% | 75% |
| Rent-burdened renters | 42% | 48% | 45% |
| Burdened owners | 17% | 20% | n/a |
| Mobile homes | 1.5% | 4.4% | n/a |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
Counties near Hamilton County
The six counties whose centers lie closest to Hamilton County's, from 18 to 30 miles away. None of the six report a higher median household income than Hamilton County; Boone County is highest at $111,250 and Madison County lowest at $63,037.
| County | Miles | Median household income | Median rent | Homeownership |
|---|---|---|---|---|
| Hamilton County | - | $121,530 | $1,574/mo | 76% |
| Madison County, IN | 18 mi | $63,037 | $939/mo | 70% |
| Tipton County, IN | 18 mi | $76,156 | $842/mo | 81% |
| Marion County, IN | 20 mi | $66,346 | $1,153/mo | 57% |
| Hancock County, IN | 21 mi | $93,186 | $1,203/mo | 80% |
| Boone County, IN | 24 mi | $111,250 | $1,359/mo | 79% |
| Clinton County, IN | 30 mi | $65,019 | $920/mo | 74% |
Towns and communities in Hamilton County
8 Census places fall mainly inside Hamilton County; the 8 biggest are below. They account for 343,113 residents, leaving about 6% of the county in unincorporated, unnamed areas. Incomes vary by place: $141,505 at the median in Carmel, $66,534 in Sheridan. City guides exist for the linked Hamilton County places; everyone else in the county can use this page.
| Community | Type | Residents | Household income (median) | Rent (median) | Distance |
|---|---|---|---|---|---|
| Fishers | city | 102,337 | $130,203 | $1,611 | 7 mi |
| Carmel | city | 101,651 | $141,505 | $1,712 | 9 mi |
| Noblesville | city | 73,362 | $104,047 | $1,389 | 1 mi |
| Westfield | city | 54,677 | $122,789 | $1,667 | 7 mi |
| Cicero | town | 5,509 | $66,934 | $737 | 5 mi |
| Sheridan | town | 3,205 | $66,534 | $726 | 12 mi |
| Arcadia | town | 1,556 | $66,901 | $971 | 8 mi |
| Atlanta | town | 816 | $69,286 | $1,134 | 11 mi |
Room for a loan payment in Hamilton County
Hamilton County at the medians, through a lender's eyes (what DTI means):
- Monthly gross at the median, Hamilton County: $10,128
- Median rent: $1,574, or 16 cents of every gross dollar
- At 43%, room after rent is $2,781 a month
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
Borrowing situations common in Hamilton County
Based on the Hamilton County data above, these borrowing questions are most likely to matter locally.
- Strong incomes, long terms. 59% of Hamilton County households earn $100,000+. The risk is a term that outlasts the need.
- Debt consolidation. One fixed payment can save money only if the written APR and fees beat what you pay now (guide).
- Fraud. Gift cards, wire transfers or fees to unlock a loan mean walk away (report it).
Hamilton County households compared
Degree holders: 62% of adults over 25. About 4% go without health insurance.
| Indicator | Hamilton County | All of Indiana | U.S. county median |
|---|---|---|---|
| Median age | 38.4 | 38.1 | 41.5 |
| Bachelor's or higher | 61.9% | 29.5% | 22.2% |
| No high school diploma | 2.7% | 9.6% | n/a |
| No health insurance | 4.1% | 7.4% | 7.8% |
| No vehicle | 2.4% | 6.2% | 5.4% |
| Work from home | 23.3% | 10.7% | 8.7% |
| Poverty rate | 4.4% | 12.3% | 13.2% |
| Unemployment (ACS) | 2.8% | 4.3% | 4.4% |
| Minutes to work | Hamilton County workers |
|---|---|
| Under 15 min | 22.8% |
| 15 to 29 min | 36.1% |
| 30 to 44 min | 27.3% |
| 45 to 59 min | 9.1% |
| 60+ min | 4.7% |
Who licenses lenders for Hamilton County residents
Consumer lenders serving Hamilton County are licensed by the state, not the county; in Indiana that is the Indiana Department of Financial Institutions. Problems with a lender can also go to the CFPB. Statewide data and rules: Indiana guide.
Steps before you apply in Hamilton County
Steps that save money for Hamilton County residents:
- Size the loan to the bill, not to the most a lender offers.
- Compare the total repaid on every offer, not just the payment.
- A Indiana license check takes minutes; do it first.
- Keep a small cushion so one surprise bill does not mean another loan.
Nearby and statewide guides
Guides that cover parts of Hamilton County:
Frequently asked questions
How much do households in Hamilton County earn?
The median is $121,530; 59% earn $100,000 or more and 9% under $35,000. A lender uses your own documented income, not this figure.
How does Hamilton County rent compare with Indiana?
$1,574 locally versus $1,062 for the state, 48% above.
Should Hamilton County homeowners use home equity instead?
Maybe, but weigh the risk: 76% of Hamilton County homes are owner-occupied, and a home-equity loan or line is secured by the house while a personal loan usually is not.
What are the biggest places in Hamilton County?
By population: Fishers, Carmel, Noblesville, Westfield, Cicero. The county has 8 Census places in all.
Will a Hamilton County address affect my match?
Beyond confirming Indiana as your state, no. Your answers about amount, credit, income and payments are all that count.