Clay County, Indiana: commercial real estate data.

Clay County

How many people live in Clay County

• Population, American Community Survey 2020-202426,409
• Households10,549
• Average household size2.50
• Median household income$70,010
• Median age41.4
• Median gross rent$873 per month
• Median owner-occupied home value$153,000
• Home value to household income2.2 times
• Annual rent as a share of median income15.0 percent
• Adults 25 and over with a bachelor degree or higher20.3 percent
• Adults 25 and over with a graduate degree6.3 percent
• Adults 25 and over18,501
• Population under 186,053
• Share under 1822.9 percent
• Population 65 and over4,986
• Share 65 and over18.9 percent
• Working age population, 18 to 6415,370
• Civilian labor force12,718
• Unemployment rate3.2 percent
• Labor force participation, adults 18 and over62.5 percent
• Rank by population among Indiana counties60th of 92
• Rank by population among US county-equivalents, Puerto Rico included1601st of 3,222

Clay County is the 60th largest of 92 Indiana counties by population. A median home costs 2.2 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 22.9 percent against 18.9 percent, a household formation profile rather than a retirement one.

US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.

Clay County

Where are people moving to Clay County from?

• Tax returns filed by households arriving653
• People arriving, from those returns1,200
• Tax returns filed by households leaving631
• Net household movement22
• Adjusted gross income arriving$30.2 m
• Net adjusted gross income movement$4.2 m
• Average income of an arriving household$46,230
• Average income of a leaving household$41,260
• Largest single originVigo County (201 households)
• Largest single destinationVigo County (232 households)

Households arriving report $4,970 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Vigo County, which is the catchment a retail or multifamily study should look at first.

US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.

Clay County

Employment by industry in Clay County

• Covered employment, annual average8,172
• Establishments reporting529
• Average annual pay$45,786
• Average weekly wage$881
• Manufacturing, employment3,179
• Manufacturing, average annual pay$61,213
• Retail trade, employment865
• Retail trade, average annual pay$32,058
• Accommodation and food services, employment743
• Accommodation and food services, average annual pay$15,950
• Other services, except public administration, employment301
• Other services, except public administration, average annual pay$17,679
• Construction, employment270
• Transportation and warehousing, employment210

Manufacturing is the largest private sector at 3,179 jobs, 38.9 percent of covered employment.

US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.

Clay County

Building permits in Clay County

• Housing units authorized by permit, 202468
• Declared construction value permitted$5.9 m
• Single family units authorized68
• Multifamily units authorized0
• Multifamily share of units0.0 percent
• Average declared value per unit$86,771
• Units authorized per 1,000 households6.4

Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.

US Census Bureau, Building Permits Survey, 2024 annual.

Clay County

SBA loan default and charge-off rates in Clay County

Do SBA loans in Clay County get paid back?

• Loans with a final outcome recorded4
• Paid in full4
• Charged off0
• Status: Paid in full4
• Status: Exempt from disclosure11
• Status: Committed, not yet disbursed1

Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.

Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.

US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.

Clay County

How large is Clay County?

• Land area358 sq mi
• Rank by land area among Indiana counties70th of 92
• Width, east to west16.1 mi
• Height, north to south30.3 mi
• Geographies sharing a boundary6
• Residents per square mile of land74
• Establishments per square mile1.37

US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.

Feasibility studies

When a Clay County site needs a document a lender will accept.

The same data layer behind this page is the one the studies are written from. A study for a Clay County site starts with the figures you are reading, carrying the same source and period into the credit file.

• Population, American Community Survey 2020-202426,409
• Households10,549
• Average household size2.50
• Median household income$70,010
• Median age41.4

How a feasibility study works →

Clay County

Cities and places in Clay.

15 Census places lie wholly or partly in Clay County. All 15 carry enough published place level data for a page of their own and are linked.

A further 1 of the county's 16 SBA 7(a) approvals are to borrowers in cities that match no Census place in Clay County, the largest being Indianapolis (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.