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.
Located in the state of Indiana, Speedway is a medium-sized city with a population of 12,709 people. Speedway is very likely to be a great place to live for singles as only 46%, of the population (over fifteen) are classified as married.
Living in Speedway can be a fulfilling experience for anyone relocating to the city. Having said that, in the state of Indiana, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like crime, cost of living, education, employment, housing, you can easily compare the best places to live in Speedway and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Speedway to Indiana and the national average.
Speedway has a livability score of 75/100 and is ranked #56 in Indiana and #3,813 in the USA. This is a terrific score, as Speedway ranks well in multiple categories! For each of the livability categories, we know that Speedway ranks very well for cost of living (A+), education (B+) and housing (A+).
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 162 crimes per 100,000 residents, Speedway has a violent crime rate that is far below the national average.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Speedway excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Speedway. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Speedway are affordable. The median home price for Speedway homes is $243,607, which is 7.4% higher than the Indiana average. If we take a closer look at the affordability of homes in Speedway, we’ll see that the home price to income ratio is 3.5, which is 16.7% 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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