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Indiana's economy benefits from hospitality, education, retail, and healthcare. The city's unemployment rate is not very good at 7.7%, which is higher than the national average. The median household income is low at $34,724 per year, and it is about $33,700 lower than the American average of $69,021.
The economy is growing horribly slower than the rest of the country. Indiana’s predicted job growth rate for the next ten years is a meager 9.2%, compared to the national rate of 33.5%.
Industries offering the most jobs are educational services (28.3%), accommodation & food services (17.8%), healthcare (7.0%), arts, entertainment, recreation (4.2%), professional, scientific, and technical services (3.8%), food & beverage stores (3.5%), and public administration (2.7%).
This lovely borough has a variety of delightful neighborhoods. Here are a few of the best areas.
Indiana Area School District is the administrator of the public schools. The school district spends a fantastic $19,937 each year on each student. That is much more than the amount spent by other schools. The student-to-teacher ratio is very good, at 15 to one.
There are three private schools in Indiana. They are Keys Montessori School (PK to K) and St. Bernard Regional Catholic School (PK to 7th).
There are two colleges in town and 34 colleges and universities within 50 miles. The local school is the public four-year Indiana University of Pennsylvania.
The borough government consists of an elected mayor and eight members serving on the Borough Council. There is more information on Indiana's website.
The Indiana County Parks & Trails maintains the parks and recreational areas for the borough and the county.
The median home sales price in Indiana is $179,500. The price trend is up by 15.8% year-over-year. The housing market is a buyer’s market, with more homes listed for sale than interested buyers. Housing costs are a terrific 35% lower than in the rest of the country. The cost of living is 8% lower than in other Pennsylvania cities and 10% less than the national average.