Indianapolis-Carmel-Greenwood
IN

Comprehensive business data, market statistics, and demographic insights for Indianapolis-Carmel-Greenwood, IN. Census-backed market intelligence updated annually.

POPULATION2,106,327
MEDIAN INCOME$77.1K
BUSINESSES50,783
TRENDING SECTOR 🔥Mobile Food Services
+1.9%5-Year Growth
MARKET INTELLIGENCE

Market Signal Report

Curated Intelligence. We analyzed 634 local industries to isolate distinct economic patterns—from rapid acceleration to uncrowded markets.

Methodical Selection

These are not random picks. We filtered the census database to identify the strongest statistical match for distinct economic strategies.

  • > High Momentum (Biz Count Growth)
  • > Supply Gaps (Low Competition)
  • > Market Anchors (High Volume)
View Full Methodology
🚀
The Rocket Ship

Mobile Food Services

While the average sector grew flat, Mobile Food Services surged 1.9% from 2018 vs 2023. This is the fastest-moving opportunity in the market.

Businesses63
Growth Rate+1.9%
💎
The Hidden Gem

Other Specialized Design Services

Growing demand (2018 vs 2023) with surprisingly low competition level. A classic supply-gap opportunity with strong margins.

Businesses14
Growth Rate+1.8%
💼
The Premium Sector

Sports Teams and Clubs

Professional industry driven by high-value human capital. High barrier to entry due to specialized workforce requirements.

Businesses11
Avg Salary$304.2K
🏰
The Stronghold

Primary Battery Manufacturing

Dominated by a few key players. High consolidation often indicates mature market dynamics.

Businesses3
CompetitionHighly Competitive12.6x above US avg
The Steady Giant

Limited-Service Restaurants

Zero volatility. Growth matches population exactly. A proven, volume-based sector for long-term consistency.

Businesses1,779
VolumeHighest

View All Niches

See full table (634 Rows)

💡

Indianapolis-Carmel-Greenwood Market Intelligence

634 Industries Analyzed • 2018 vs 2023 Data

Indianapolis-Carmel-Greenwood presents 634 market niches across diverse sectors. Competition is intense with 244 saturated sectors requiring differentiation strategies. Consider: Other Specialized Design Services, Mobile Food Services.

How to Read the Data
Competition Level
Business density per capita vs US average. ● Underserved = Less competition. ● Highly Competitive = More businesses per capita than average.
Growth Rate
5-year percentage change in number of businesses (2018 vs 2023). ● Growing = Positive growth. ● Stable = Modest change. ● Declining = Negative growth.
Businesses
Active employer establishments (businesses with at least one employee) in this niche within the metro. Source: US Census Bureau.
MOMENTUM
DENSITY
25 of 634 niches• Sorted: Businesses
Niche (NAICS) Competition Growth Rate Businesses Avg Team Avg Salary
Limited-Service Restaurants#722513
1.04
+10.0%1,77920.8$18.9K
Full-Service Restaurants#722511
1.00
+5.9%1,61324.9$24.9K
Religious Organizations#813110
1.24
+3.2%1,37710.7$28.8K
Offices of Real Estate Agents and Brokers#531210
1.24
+39.7%1,3082.6$70.8K
Offices of Physicians (except Mental Health Specialists)#621111
0.86
-20.2%1,13622.3$120.1K
Insurance Agencies and Brokerages#524210
1.20
-0.1%9947.1$89.7K
Offices of Lawyers#541110
0.83
-0.7%8777.0$110.8K
Residential Remodelers#236118
0.97
+28.0%8313.7$59.7K
Offices of Dentists#621210
0.94
-2.5%8249.0$59.5K
Landscaping Services#561730
1.07
+9.8%7989.6$47.0K
Gasoline Stations with Convenience Stores#447110
1.17
+3.3%6647.0$26.1K
Administrative Management and General Management Consulting Services#541611
0.96
+24.4%64711.3$114.3K
General Freight Trucking, Long-Distance, Truckload#484121
1.73
+70.9%63910.9$63.4K
Plumbing, Heating, and Air-Conditioning Contractors#238220
0.86
+5.7%59816.9$80.3K
Commercial Banking#522110
1.07
-8.2%52412.8$90.4K
Child Care Services#624410
1.01
+3.8%52012.5$27.9K
Beauty Salons#812112
0.93
+23.0%5085.1$33.1K
General Automotive Repair#811111
0.91
-2.1%4745.9$54.0K
Janitorial Services#561720
1.07
+15.8%46115.4$26.0K
Lessors of Residential Buildings and Dwellings#531110
0.95
+4.4%4525.4$52.7K
Electrical Contractors and Other Wiring Installation Contractors#238210
0.81
+0.5%41917.4$76.8K
Custom Computer Programming Services#541511
0.95
+1.2%41617.7$82.2K
Snack and Nonalcoholic Beverage Bars#722515
0.76
+49.5%41412.7$19.8K
Engineering Services#541330
1.01
-0.5%40637.8$113.2K
Services for the Elderly and Persons with Disabilities#624120
1.60
+152.8%40227.5$32.0K
Viewing 25 of 634 niches

Understanding Your Data

How to read the numbers and what to do next.

We pull directly from official U.S. Census Bureau records (specifically County Business Patterns & Nonemployer Statistics). We don't use estimates or opinions—we simply clean and organize the government's raw data so you can actually use it.

VERIFIED
MARKET
DATA

We built this platform to provide the foundational data you need to navigate your market's landscape and competitive dynamics.

Straight from the Source

We pull raw numbers directly from the U.S. Census Bureau. You're looking at the same data used by banks and city planners, simplified for clarity.

Data-First Methodology

We focus exclusively on the numbers. Our rankings are driven by objective metrics like growth and density, ensuring you see the market exactly as the data reports it.

Transparent Logic

No secret formulas. We show you the raw metrics—Growth, Density, and Volume—so you can verify the math yourself.