Indiana’s Top 5 Fastest-Growing Cities
Known for its vast cornfields, the Indy 500, and basketball, this Midwest state is thriving, with thousands of people moving in and out each year. Real estate agents help people find their dream homes and earn a 3% commission, leading to a lucrative career that often exceeds the cost of living in Indiana. At Kentuckiana Real Estate Academy, we can train you for a career in real estate. Explore the 5 fastest-growing cities in Indiana and how a career in real estate can help you excel.
#1: Whitestown, Indiana Living Cost
Whitestown, a suburb of Indianapolis, Indiana, has a population of approximately 15,600, representing a 7% increase from 2020. The average cost of living in Whitestown, Indiana, is $63,360 annually for a family and $50,400 for a single person. This is 20.5% higher than the average Indiana cost of living.
The average:
- House costs $330,700
- A 2-bedroom apartment costs $1,490 per month.
#2: Monrovia, Indiana Living Cost
Located in Central Indiana, Monrovia, Indiana, has a population of 2,480, up from 1,690 in 2020, for an annual growth rate of 6.8%. The average cost of living is $50,760 annually for a family and $32,800 for a single person, both of which are higher than the Indiana average. Talented real estate agents can become the local go-to person for business and residential sales, without the cutthroat competition of bigger cities.
In Monrovia, the average:
- Home costs $264,900
- A 2-bedroom apartment costs $900
#3: Westfield, Indiana Living Cost
Located in Central Indiana, approximately 60 miles north of Bloomington, Westfield, Indiana, has a population of around 67,000, up from 47,000 in 2020, representing a 6.34% annual increase. The average cost of living in Westfield, Indiana, is $81,720 for a family and $44,800 for an individual. This is significantly higher than the average cost of living in Indiana.
In Westfield, the average:
- House costs $425,700
- A 2-bedroom apartment costs $1,240 per month.
#4: McCordsville, Indiana Living Cost
Located in Central Indiana, McCordsville, Indiana, has a population of approximately 12,460 people, up from around 8,900 in 2020, representing a 6.08% annual increase. The annual cost of living for a family is $64,800, and for a single person, $42,000, which are higher than the average cost of living in Indiana for a family and slightly lower for a single person.
In McCordsville, IN:
- A typical home costs $339,100
- A two-bedroom apartment costs $1,250 per month.
#5: New Palestine, Indiana Living Cost
Located near Indianapolis, New Palestine, Indiana, has a population of approximately 3,830, up from 2,781 in 2020, representing a 5.81% annual increase. The cost is approximately $63,720 for a family and $30,400 for a single person, which is higher than the average cost of living in Indiana.
In New Palestine, Indiana:
- A typical home costs $333,200
- A 2-bedroom apartment costs $910
Contact Us for Real Estate Classes
When you’re ready to embark on an exciting, profitable career that allows you to make a meaningful impact in your community, we can help. At Kentuckiana Real Estate Academy, we offer classes that prepare you for the real estate license exam and a career in real estate in one of these fast-growing cities (or elsewhere). Taught by real estate professionals, we prepare you for the ins and outs of the field.
Get started by enrolling in our pre-licensure class, calling (859) 317-4846, or submitting our contact form. We proudly serve the areas surrounding Louisville and Lexington, KY.
