Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Schools
The high score in the schools category can be attributed to outstanding test scores, elevated graduation rates and the convenient placement of elementary and high schools in this area.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Speedway is a mid-sized city located in the state of Indiana. The city has a population of 12,327 inhabitants. Speedway is not known to have a high population (over 15 years old) of married people. At only 46% married, this city falls well below the national average.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the town before actually living in Speedway, Indiana. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. To help you find the best places to live in and around Speedway, AreaVibes has created a livability score using key metrics like crime, education, housing and more.
The livability score in Speedway is 73/100 and the city is ranked in the 85th percentile of all cities across America. If we take a closer look at each of the categories individually, we see that Speedway ranks well for cost of living (A+), education (B+) and housing (A-). Speedway does not fare well for the following: crime (D-) and employment (D-). It might be a smart idea to take a closer look at each category to find out why.
Finding affordable real estate and housing in Speedway can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Certain items on your wish list like shopping, restaurants, nightlife, parks and proximity to public transportation are all important things to look for. Having said that, perhaps the most important metric to consider when contemplating a move to Speedway is real estate affordability. Median real estate prices in Speedway come in at $131,900, which is 4.3% higher than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Speedway, the home price to income ratio is 2.8, which is 12% higher than the Indiana average.
| Statistic | Speedway | Indiana | National |
| Average one way commute | 22min | 23min | 26min |
| Workers who drive to work | 85.7% | 83.0% | 76.4% |
| Workers who carpool | 6.9% | 8.9% | 9.3% |
| Workers who take public transit | 1.3% | 1.1% | 5.1% |
| Workers who bicycle | 0.1% | 0.5% | 0.6% |
| Workers who walk | 0.7% | 2.1% | 2.8% |
| Working from home | 4.1% | 3.5% | 4.6% |
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