Shelby County, IN
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 39.52, -85.79.
Assembled 2026-10-06. Read the brief.
- 54th pct · 1,381st of 3,063 US counties · median $234,566
- 58th pct · 39th of 92 Indiana counties · median $234,055
- 20th pct · 9th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $314,850
- 25th pct · 2,277th of 3,063 US counties · median +2.9%
- 3rd pct · 89th of 92 Indiana counties · median +4.2%
- 10th pct · 10th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median +2.1%
- 16th pct · 1,173rd of 1,399 US counties · median $1,496
- 41st pct · 22nd of 37 Indiana counties · median $1,174
- 22nd pct · 8th of 10 counties in the Indianapolis-Carmel-Greenwood metro · median $1,590
- 69th pct · 980th of 3,221 US counties · median 8,232
- 67th pct · 31st of 92 Indiana counties · median 12,958
- 30th pct · 8th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median 39,851
- 71st pct · 926th of 3,221 US counties · median $1,039
- 70th pct · 28th of 92 Indiana counties · median $1,045
- 60th pct · 5th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $1,134
- 46th pct · 1,641st of 3,063 US counties · median 4.3
- 46th pct · 50th of 92 Indiana counties · median 4.2
- 20th pct · 9th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median 5.5
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $247,692 (Aug 2026), +0.6% over one year, +28.5% over five
- 54th pct · 1,381st of 3,063 US counties · median $234,566
- 58th pct · 39th of 92 Indiana counties · median $234,055
- 20th pct · 9th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $314,850
| Item | Value | Distance |
|---|---|---|
| Shelby County, IN | $247,692 · +0.6% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,120/mo (Aug 2026), +2.3% over one year; price-to-rent 18.4
- 16th pct · 1,173rd of 1,399 US counties · median $1,496
- 41st pct · 22nd of 37 Indiana counties · median $1,174
- 22nd pct · 8th of 10 counties in the Indianapolis-Carmel-Greenwood metro · median $1,590
| Item | Value | Distance |
|---|---|---|
| Shelby County, IN | $1,120/mo · +2.3% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,356 a month on $247,692 at 7.28%, against an average weekly wage worth $5,022 a month: 27.0% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $247,692 × 80% = $198,154, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,356/mo principal and interest
- wage share = payment / (avg weekly wage $1,159 × 52 / 12 = $5,022) = 27% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $247,692 / ($1,159 × 52) = 4.1
- price-to-rent = $247,692 / ($1,120 × 12) = 18.4
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
18,532 jobs at 1,039 employers (2026 Q1); -0.6% jobs and +0.7% average weekly wage over the year
- 69th pct · 980th of 3,221 US counties · median 8,232
- 67th pct · 31st of 92 Indiana counties · median 12,958
- 30th pct · 8th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median 39,851
| Item | Value | Distance |
|---|---|---|
| Shelby County, IN | 18,532 jobs · $1,159/wk · -0.6% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 4,797 | $1,566 | 3.22 | -3.1% |
| Health care and social assistance | 1,616 | $1,168 | 0.58 | -0.1% |
| Retail trade | 1,419 | $668 | 0.79 | -0.8% |
| Transportation and warehousing | 1,398 | $1,255 | 1.79 | +4.3% |
| Construction | 1,159 | $1,343 | 1.19 | +13.2% |
| Administrative and waste services | 854 | $868 | 0.81 | -17.3% |
| Wholesale trade | 498 | $1,391 | 0.70 | -5.3% |
| Other services | 417 | $636 | 0.75 | -3.9% |
| Finance and insurance | 221 | $1,562 | 0.29 | +16.3% |
| Agriculture, forestry, fishing | 161 | $922 | 1.20 | +5.9% |
| Real estate and rental | 136 | $886 | 0.48 | -6.2% |
| Mining, oil and gas | 88 | $1,280 | 1.33 | +7.3% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35
Banks & federal dollars #
$2.1 bn in deposits at 9 offices of 9 banks (SOD June 2026); HHI 4,697, highly concentrated. $312.3 m federal obligations in FY2026 (direct payments $276.7 m, grants $33.6 m), $16,850 per covered job
| Item | Value | Distance |
|---|---|---|
| PNC Bank, National Association | $1.4 bn · 67.2% share · 1 office | |
| First Financial Bank | $168.4 m · 8.1% share · 1 office | |
| KeyBank National Association | $120.3 m · 5.8% share · 1 office | |
| Shelby, IN | $312.3 m FY2026 · $16,850/job | |
| MULTIPLE RECIPIENTS | $275.3 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| PNC Bank, National Association | $1,391,097,000 | 67.2% | 1 |
| First Financial Bank | $168,445,000 | 8.1% | 1 |
| KeyBank National Association | $120,259,000 | 5.8% | 1 |
| First Merchants Bank | $114,565,000 | 5.5% | 1 |
| JPMorgan Chase Bank, National Association | $90,041,000 | 4.4% | 1 |
| Fifth Third Bank, National Association | $88,245,000 | 4.3% | 1 |
| First Bank Richmond | $49,319,000 | 2.4% | 1 |
| First Federal Savings and Loan Association of Greensburg | $44,651,000 | 2.2% | 1 |
| Woodforest National Bank | $2,674,000 | 0.1% | 1 |
Deposit concentration is 4,697 across 9 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 9 banks with deposits in the county = 67.2² + 8.1² + 5.8² + … (6 more) = 4,697
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $249,383,398 |
| Department of Transportation | $33,551,396 |
| Department of Veterans Affairs | $23,504,322 |
| Railroad Retirement Board | $2,301,660 |
| Department of Defense | $1,681,165 |
| Department of Agriculture | $934,195 |
| Department of Housing and Urban Development | $415,786 |
| National Aeronautics and Space Administration | $266,904 |
| Federal Communications Commission | $142,677 |
| Department of Health and Human Services | $75,431 |
| Department of Justice | $5,000 |
| Small Business Administration | $0 |
That is $16,850 per covered job, against 18,532 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $312.3 m / 18,532 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $16,850
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Shelby County, IN: 9 findings, 1 at a watch level and 8 noted
watchShelby County, IN's covered employment is -0.6% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -0.6 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteShelby County, IN's average weekly wage was 0.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +0.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteShelby County, IN's covered employment was 0.6% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -0.6 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteShelby County, IN's typical home value rose 0.4% from $246,787 in July 2026 to $247,692 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- +0.4% = (247691.97577465736 - 246786.5165872383) / 246786.5165872383 × 100
- 247691.97577465736 = Zillow ZHVI, 2026-08
- 246786.5165872383 = Zillow ZHVI, 2026-07
noteShelby County, IN's typical home value of +0.6% ranks 89th of 92 Indiana counties, against a median of +4.2%.
Period 2026-08.Show the arithmetic
- 3 on the 0-to-100 scale across 92 Indiana counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
Read all 9 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.