The Region 5 Workforce Board, Inc. represents eight central Indiana counties including Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Morgan and Shelby. According to the 2020 U.S. Census, there are 1,072,225 persons, 15.9% of the state population, residing in the region. Minority population is 11%. The regional population increased by 5.1% from 2010.
Persons under 18 years of age comprise 24.3% of the population and college age (18-24) persons are 7.9%. Adults age 25-64 represent over half of the region’s population (52.4%). The adult population is evenly divided among younger (25-44) adults, 26.2% and older (45-64) adults 26.2%. Seniors age 65 and older constitute 15.3% of the population. The region’s age distribution is very similar to that of the state as a whole.
In 2019, there were 23,461 establishments in the region employing one or more persons. Private Non-farm Employment was 505,571 generating $27,952,389 in annual earnings, an average of $55,289 per job. Over half of employment (55%) was in seven Industry Sectors: Retail Trade, Healthcare and Social Services, Transportation Warehousing and Wholesale Trade, Accommodations & Food Service, Professional & Technical Services, Manufacturing, and Construction. Retail Trade sector employment earnings was 11.3% of regional earnings followed by Healthcare and Social Services sector earnings at 9%.
Median individual annual income in 2019 ranged from $46,631 in Hamilton County to $26,440 in Madison County. The Indiana state median individual annual income level was $30,005.
As of November 2021, the Region 5 labor force consisted of 553,301 workers and the unemployment rate was 1.9% with 10,521 persons unemployed.
For additional demographics and customized county profiles, visit “Indiana IN Depth”.
“Hoosiers by the Numbers” website also provides current information about the region. www.hoosierdata.in.gov
Population Statistics: U.S. Census Bureau, 2020 Census
Employment and Earnings Statistics: U.S. Bureau of Economic Analysis
Labor force Statistics: Indiana Department of Workforce Development, Research and Analysis, LAUS