RANKINGS AND FACTS (2022)
- AAA Bond Rating from S&P (Fishers)
- #5 Best State for Business (Indiana)
- #1 Manufacturing State in the Nation (Indiana)
- Lowest Municipal Tax Rate of the 10 largest Indiana Cities (Fishers)
- #1 for State Infrastructure (Indiana)
- Indiana is a Right To Work State
- Indiana is the #1 manufacturing state in the nation (Indiana)
- Indiana ranks #2 in the US for property tax rates (Indiana)
Sources: CNBC, State of Indiana, Tax Foundation, US Dept. of Energy
Fishers municipal tax rates (’25 pay ’26)
Fishers Property Tax Rate
2.1955%
Local Option Income Tax
1.10%
Source: Hamilton County Auditor, 2025
Real Estate 2025 (Fishers/Geist Submarket)
Office
Office Market Inventory (SF)
5.59 million
Vacancy Rate
7.7%
Market Rent ($/SF)
$23.60
Market Cap Rate
9.00%
Source: CoStar, 2025
Energy Costs
Commercial Electricity
$0.1402 PER KWH
Gasoline Fuel Tax
$0.697 PER GALLON
Diesel Fuel Tax
$0.854 PER GALLON
Wages & Labor Force
Per Capita Income
Indianapolis Metropolitan Statistical Area
$72,949
United States
$77,160
Sources: STATS Indiana, 2025 and Federal Reserve Economic Data, 2025
Average Hourly Wage
Indianapolis Metropolitan Statistical Area
$33.80
United States
$37.02
Sources: STATS Indiana, 2025 and Federal Reserve Economic Data, 2025
Labor
Labor Force
59,216
Unemployment
2.1%*
*July 2025
Wages & Labor Force
Personal Income Tax
Current State Rate
2.95%
Resident- Hamilton County
1.1 %
Indiana Corporate Income Tax
Current Rate
4.9%
The corporate income tax rate decreases are effective July 1st of each year. Source: Indiana Department of Revenue, 2025
State Sales Tax
Indiana Sales and Use Tax
7.00%
Exemptions include: Manufacturing raw materials, manufacturing equipment, utilities and other consumables used in production and environmental control equipment used by manufacturers. Most services are not subject to tax. Source: Tax Foundation, 2025
Indiana Workers’ Compensation
Average Rate for Office
$0.22 per $100
Average Rate for All Industry Classes
$0.68 per $100






