Speedway
Speedway is a town in Wayne Township, Marion County, Indiana, United States. The population was 11,812 at the 2010 U.S. Census. Speedway, which is an enclave of Indianapolis, is the home of the Indianapolis Motor Speedway.
History
Speedway was laid out in 1912 as a residential suburb.[8] It took its name from the Indianapolis Motor Speedway.[9] It is an early example of a residential community planned for the industrial plants located nearby.[10] Carl G. Fisher, James A. Allison, Frank Wheeler, and Arthur Newby, founders of the Indianapolis Motor Speedway, planned the suburb of Speedway west of the track.[11] Fisher and Allison owned plants that needed workers, the Prest-O-Lite factory and Allison Engine Company. The investors’ goal was to create a city without horses, where residents would drive automobiles, as well as participate in creating mechanical parts for new modes of transportation.[10]
The Speedway Historic District was listed on the National Register of Historic Places in 2005.[12]
Population
Speedway is a city located in Indiana. With a 2020 population of 12,195, it is the 68th largest city in Indiana and the 2684th largest city in the United States . Speedway is currently growing at a rate of 0.01% annually and its population has increased by 3.24% since the most recent census, which recorded a population of 11,812 in 2010. Speedway reached it’s highest population of 14,523 in 1970. Spanning over 5 miles, Speedway has a population density of 2,566 people per square mile.
The average household income in Speedway is $55,254 with a poverty rate of 19.31%. The median rental costs in recent years comes to $826 per month, and the median house value is $122,000. The median age in Speedway is 33.8 years, 34.3 years for males, and 33.5 years for females.
Income
Spanning over 5 miles, Speedway has a population density of 2,566 people per square mile. The average household income in Speedway is $55,254 with a poverty rate of 19.31%.
Climate
In Speedway, the summers are long, warm, humid, and wet; the winters are freezing, snowy, and windy; and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 21°F to 85°F and is rarely below 3°F or above 92°F.
Based on the tourism score, the best time of year to visit Speedway for warm-weather activities is from mid June to mid September.
Economy
Speedway has an unemployment rate of 5.6%. The US average is 6.0%.
Speedway has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Speedway
– The Sales Tax Rate for Speedway is 7.0%. The US average is 7.3%.
– The Income Tax Rate for Speedway is 4.9%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing Cost of Living.
Notable People or Businesses
Top Companies in Speedway, IN
