Morgan County, IN
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 39.48, -86.45.
Assembled 2026-10-19. Read the brief.
- 70th pct · 909th of 3,063 US counties · median $230,451
- 86th pct · 13th of 92 Indiana counties · median $230,095
- 40th pct · 7th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $312,876
- 37th pct · 1,919th of 3,062 US counties · median +2.9%
- 13th pct · 80th of 92 Indiana counties · median +4.2%
- 40th pct · 7th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median +2.0%
- 55th pct · 605th of 1,358 US counties · median $1,506
- 83rd pct · 8th of 44 Indiana counties · median $1,207
- 37th pct · 6th of 9 counties in the Indianapolis-Carmel-Greenwood metro · median $1,597
- 65th pct · 1,104th of 3,221 US counties · median 8,232
- 60th pct · 37th of 92 Indiana counties · median 12,958
- 20th pct · 9th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median 39,851
- 52nd pct · 1,525th of 3,221 US counties · median $1,039
- 52nd pct · 44th of 92 Indiana counties · median $1,045
- 30th pct · 8th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $1,134
- 73rd pct · 823rd of 3,063 US counties · median 4.2
- 86th pct · 13th of 92 Indiana counties · median 4.1
- 50th pct · 6th 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 $299,883 (Sep 2026), +1.8% over one year, +26.4% over five
- 70th pct · 909th of 3,063 US counties · median $230,451
- 86th pct · 13th of 92 Indiana counties · median $230,095
- 40th pct · 7th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median $312,876
| Item | Value | Distance |
|---|---|---|
| Morgan County, IN | $299,883 · +1.8% 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 $1,575/mo (Sep 2026), +1.4% over one year; price-to-rent 15.9
- 55th pct · 605th of 1,358 US counties · median $1,506
- 83rd pct · 8th of 44 Indiana counties · median $1,207
- 37th pct · 6th of 9 counties in the Indianapolis-Carmel-Greenwood metro · median $1,597
| Item | Value | Distance |
|---|---|---|
| Morgan County, IN | $1,575/mo · +1.4% 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 $1,661 a month on $299,883 at 7.40%, against an average weekly wage worth $4,550 a month: 36.5% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $299,883 × 80% = $239,906, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $1,661/mo principal and interest
- wage share = payment / (avg weekly wage $1,050 × 52 / 12 = $4,550) = 37% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $299,883 / ($1,050 × 52) = 5.5
- price-to-rent = $299,883 / ($1,575 × 12) = 15.9
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 #
15,697 jobs at 1,449 employers (2026 Q1); +0.3% jobs and +6.8% average weekly wage over the year
- 65th pct · 1,104th of 3,221 US counties · median 8,232
- 60th pct · 37th of 92 Indiana counties · median 12,958
- 20th pct · 9th of 11 counties in the Indianapolis-Carmel-Greenwood metro · median 39,851
| Item | Value | Distance |
|---|---|---|
| Morgan County, IN | 15,697 jobs · $1,050/wk · +0.3% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 2,452 | $1,366 | 1.94 | +1.7% |
| Health care and social assistance | 2,130 | $1,111 | 0.90 | +0.3% |
| Retail trade | 1,971 | $651 | 1.29 | +0.6% |
| Accommodation and food services | 1,480 | $417 | 1.05 | -10.4% |
| Construction | 1,326 | $1,598 | 1.61 | +1.5% |
| Administrative and waste services | 723 | $768 | 0.81 | +26.6% |
| Other services | 623 | $767 | 1.33 | -2.5% |
| Finance and insurance | 407 | $1,524 | 0.64 | +1.0% |
| Wholesale trade | 330 | $2,016 | 0.55 | -14.3% |
| Transportation and warehousing | 262 | $1,266 | 0.40 | +40.9% |
| Utilities | 234 | $2,168 | 3.77 | +3.1% |
| Educational services | 179 | $652 | 0.53 | +22.6% |
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 #
2 USGS reservoir gauges, no capacity figures to weight
Sites found: 2, 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.
| Site | Reading | Distance |
|---|---|---|
| GEIST RESERVOIR AT INDIANAPOLIS, IN | 21,980 Acre-ft (USGS, no capacity on file) | 62 km |
| MORSE RESERVOIR AT NOBLESVILLE, IN | 22,440 Acre-ft (USGS, no capacity on file) | 74 km |
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 #
102 gauges · 0 flooding · 14 with quality panels averaging 96 % · 21 stale
Sites found: 102, 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.
| Site | Reading | Distance |
|---|---|---|
| WHITE RIVER NEAR CENTERTON, IN | flow 991.0 ft³/s · quality 100 % (1) | 4 km |
| WHITE LICK CREEK AT MOORESVILLE, IN | flow 43.0 ft³/s | 15 km |
| EAST FORK WHITE LICK CREEK AT MOORESVILLE, IN | flow 14.0 ft³/s | 18 km |
| EAST FORK WHITE LICK CREEK NEAR CAMBY, IN | flow 3.19 ft³/s · STALE | 25 km |
| MILL CREEK NEAR CATARACT, IN | flow 32.5 ft³/s | 27 km |
| WHITE RIVER AT SOUTHPORT RD AT INDIANAPOLIS, IN | flow 714.0 ft³/s | 27 km |
| LITTLE BUCK CREEK AT TIBBS AV NR INDIANAPOLIS, IN | flow 0.00 ft³/s | 29 km |
| EAST FORK WHITE LICK CREEK AT BRIDGEPORT, IN | flow 31.4 ft³/s · STALE | 29 km |
| BEANBLOSSOM CREEK AT BEANBLOSSOM, IN | flow 9.30 ft³/s · STALE | 30 km |
| STATE DITCH AT MARS HILL, IN | stage 1.70 ft | 32 km |
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 #
41 wells in 0 named aquifers:
Sites found: 41, 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.
| Site | Reading | Distance |
|---|---|---|
| USGS-392612086230001 | depth 63.7 ft · 2026-10-18 | 8 km |
| USGS-392232086333101 | depth 8.89 ft · 2025-04-02 | 15 km |
| USGS-393119086154101 | depth 4.50 ft · 2006-07-01 | 17 km |
| USGS-393746086222901 | depth 28.6 ft · 2025-01-28 | 17 km |
| USGS-393423086161001 | depth 12.1 ft · 2026-10-19 | 18 km |
| USGS-393616086134502 | depth 15.9 ft · 2026-10-18 | 23 km |
| USGS-393855086120701 | depth 7.20 ft · 2026-08-24 | 28 km |
| USGS-393950086124701 | depth 7.17 ft · 2003-09-29 | 28 km |
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 (0.01)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.04 / 0.55
Banks & federal dollars #
$1.5 bn in deposits at 21 offices of 9 banks (SOD June 2026); HHI 1,908, highly concentrated. $496.1 m federal obligations in FY2026 (direct payments $491.6 m, grants $3.2 m), $31,603 per covered job
| Item | Value | Distance |
|---|---|---|
| Citizens Bank | $444.8 m · 29.7% share · 4 offices | |
| Home Bank SB | $323.4 m · 21.6% share · 4 offices | |
| BMO Bank National Association | $234.0 m · 15.6% share · 5 offices | |
| Morgan, IN | $496.1 m FY2026 · $31,603/job | |
| MULTIPLE RECIPIENTS | $487.2 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Citizens Bank | $444,769,000 | 29.7% | 4 |
| Home Bank SB | $323,422,000 | 21.6% | 4 |
| BMO Bank National Association | $234,012,000 | 15.6% | 5 |
| First Merchants Bank | $226,215,000 | 15.1% | 2 |
| JPMorgan Chase Bank, National Association | $105,685,000 | 7.0% | 1 |
| KeyBank National Association | $70,468,000 | 4.7% | 1 |
| Regions Bank | $59,340,000 | 4.0% | 1 |
| The Peoples State Bank | $32,450,000 | 2.2% | 2 |
| Woodforest National Bank | $3,174,000 | 0.2% | 1 |
Deposit concentration is 1,908 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 = 29.7² + 21.6² + 15.6² + … (6 more) = 1,908
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 | $422,543,649 |
| Department of Veterans Affairs | $73,747,926 |
| Railroad Retirement Board | $4,615,043 |
| Department of Transportation | $2,634,818 |
| Department of Housing and Urban Development | $2,154,175 |
| Department of Agriculture | $2,122,812 |
| Department of Health and Human Services | $596,905 |
| Federal Communications Commission | $203,573 |
| Environmental Protection Agency | $41,954 |
| Department of Education | $21,578 |
| Small Business Administration | $0 |
| Department of Defense | -$12,610,934 |
That is $31,603 per covered job, against 15,697 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $496.1 m / 15,697 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $31,603
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 | 17.95 | 2026-10-18 | -2.6% |
| 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 · % | 72.20 | 2026-10-19 | +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 | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| 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 | 652,115.00 | 2026-09-01 | +0.7% |
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 #
Morgan County, IN: 8 findings, 1 at a watch level and 7 noted
watchMorgan County, IN's typical asking rent is -1.8% against the previous month, a watch level here: typical asking rent at least 1 percent below the previous month (arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: rent.momPct = -1.846119387629411 <= -1
- month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level
noteMorgan County, IN's average weekly wage was 6.8% 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
- +6.8 % = 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
noteMorgan County, IN's typical asking rent fell 1.8% from $1,605 in August 2026 to $1,575 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- -1.8% = (1575.0277777777776 - 1604.6515613558663) / 1604.6515613558663 × 100
- 1575.0277777777776 = Zillow ZORI, 2026-09
- 1604.6515613558663 = Zillow ZORI, 2026-08
noteMorgan County, IN's typical home value rose 0.4% from $298,688 in August 2026 to $299,883 in September 2026, on Zillow ZHVI.
Period 2026-09.Show the arithmetic
- +0.4% = (299882.73637695465 - 298688.4986678123) / 298688.4986678123 × 100
- 299882.73637695465 = Zillow ZHVI, 2026-09
- 298688.4986678123 = Zillow ZHVI, 2026-08
noteMorgan County, IN's covered employment was 0.3% 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
- +0.3 % = 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
Read all 8 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.