Funeral services · Metro area · Indiana
Funeral homes in the Indianapolis-Carmel-Greenwood, IN metro area
Competitor counts, household spending and official business counts for funeral homes in the Indianapolis-Carmel-Greenwood, IN metro area, set against other metro areas and the U.S.
Groundwork market score · out of 100
Score 44 out of 100: Lower middle
Ranked #216 of 377 scored metro areas
#3 of 12 scored metro areas based in Indiana
- Listings
- 174
- 28 chain locations (16%)
- Official establishments
- 103
- 0.0% since 2019
- Household spending a year
- $102.3M
- On funerals · $121 a household
- Spending per listing
- $588K
- 13% below the U.S.
- Listings per 10k households
- 2.1
- In line with the U.S.
- Population, 2025
- 2,205,695
- +5.4% since 2020
See the funeral homes around any address in the Indianapolis-Carmel-Greenwood metro area
The site report maps the funeral homes on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of the Indianapolis-Carmel-Greenwood metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
Map listings as of September 2026 show 174 funeral homes in the Indianapolis-Carmel-Greenwood metro area. Of those, 28 are chain locations, or 16%, against 10% across the U.S. That is 2.1 per 10,000 households, in line with the U.S. rate of 2.1.
At $121 per household (15% below the U.S. average), households in the Indianapolis-Carmel-Greenwood metro area spend about $102.3M a year on funerals. That works out to $588K per home, 13% below the U.S. figure of $679K.
The official count of businesses with payroll classed as funeral homes and funeral services in the Indianapolis-Carmel-Greenwood metro area was 103 in 2023, unchanged from 2019. That is one for every 8,182 households, against one for every 8,510 across the U.S. Since fiscal 2022, 8 SBA-backed loans worth $5.7M have gone to businesses classed as funeral homes and funeral services in the Indianapolis-Carmel-Greenwood metro area.
Population estimates show the Indianapolis-Carmel-Greenwood metro area grew 5.4% from 2020 to 2025, faster than the U.S. (+3.1%). For funeral homes, the Indianapolis-Carmel-Greenwood metro area has a Groundwork market score of 44 (lower middle): #216 of 377 scored metro areas and #3 of 12 scored metro areas based in Indiana.
How the Indianapolis-Carmel-Greenwood metro area compares
The same measures for Indiana and the whole U.S. Spending per listing divides a year of household spending on all funerals by the funeral homes counted, so it measures the demand for each competitor, not any business’s revenue. Households per establishment does the same with the official count.
| Measure | Indianapolis-Carmel-Greenwood metro area | Indiana | U.S. |
|---|---|---|---|
| Listings per 10k households | 2.1 | 2.9 | 2.1 |
| Spending per listing | $588K | $473K | $679K |
| Households per official establishment | 8,182 | 5,706 | 8,510 |
| Official establishment growth, 2019–2023 | 0.0% | −4.6% | −1.7% |
| Population growth, 2020–2025 | +5.4% | +2.7% | +3.1% |
| Spending per household on funerals | $121 | $135 | $143 |
| Median household income | $79,852 | $71,957 | $80,734 |
| Groundwork market score | 44 | 26 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 1030.0% over the period
- Employees, 2023
- 791
- Annual payroll, 2023
- $29.3M
- One-person businesses, 2023
- Not publishedNot published for this business type
- Map listings, September 2026
- 17428 chain locations
- Listings at the U.S. rate for this spending
- 151The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 8
- Amount
- $5.7M
SBA-backed loans to businesses classed as funeral homes and funeral services in the Indianapolis-Carmel-Greenwood metro area, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in the Indianapolis-Carmel-Greenwood metro area
- Population, 2025 estimate
- 2,205,695+5.4% since 2020
- Households
- 842,765
- Median age
- 38.2
- Homes lived in by their owners
- 67%
- Vehicles per household
- 1.8
- Land area
- 4,086 sq. mi.
- People per square mile
- 521
- Median household income
- $79,852
- Average household income
- $109,117
- Median home value
- $265,900
- Jobs located here
- 1,145,198
- Daytime population
- 2,228,376Residents who don’t work, plus everyone whose job is here
Looking at a specific site in the Indianapolis-Carmel-Greenwood metro area?
These figures cover the whole metro area. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the funeral homes on map listings by name and distance.
Or open the report at the center of the Indianapolis-Carmel-Greenwood metro area. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardFuneral homes across Indiana
Every Indiana market ranked →The highest-scoring metro areas in Indiana for funeral homes, numbered among those based in Indiana (a market based in another state is listed without a number), with the Indianapolis-Carmel-Greenwood metro area marked.
Top metro areas in Indiana
| Market | Score | Listings | Per 10k households | Spending per listing | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Bloomington, IN | 54 | 10 | 1.5 | $798K | +2.0% | #150 of 377 |
| 2Elkhart-Goshen, IN | 49 | 15 | 2.1 | $709K | +0.9% | #180 of 377 |
| 3Indianapolis-Carmel-Greenwood, IN | 44 | 174 | 2.1 | $588K | +5.4% | #216 of 377 |
| Chicago-Naperville-Elgin, IL-IN | 43 | 745 | 2.0 | $663K | 0.0% | #222 of 377 |
| 4Kokomo, IN | 38 | 8 | 2.2 | $669K | +0.4% | #258 of 377 |
| Louisville/Jefferson County, KY-IN | 38 | 130 | 2.3 | $562K | +2.9% | #261 of 377 |
| 5Fort Wayne, IN | 37 | 39 | 2.1 | $611K | +3.9% | #266 of 377 |
| 6Columbus, IN | 36 | 8 | 2.4 | $563K | +4.3% | #272 of 377 |
| Cincinnati, OH-KY-IN | 36 | 215 | 2.4 | $556K | +2.7% | #274 of 377 |
| 7Lafayette-West Lafayette, IN | 32 | 25 | 2.8 | $416K | +2.1% | #299 of 377 |
Other business types in the Indianapolis-Carmel-Greenwood metro area
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
Funeral services
- Funeral homes44
Questions
How many funeral homes are in the Indianapolis-Carmel-Greenwood, IN metro area?
There are 174 funeral homes on map listings in the Indianapolis-Carmel-Greenwood metro area as of September 2026. 28 of them (16%) are chain locations. The listings count funeral homes, mortuaries and cremation services. Official counts show 103 businesses with payroll classed as funeral homes and funeral services in 2023, unchanged from 2019.
How much do households in the Indianapolis-Carmel-Greenwood, IN metro area spend on funerals?
About $102.3M a year, or $121 per household. That is 15% below the U.S. average (an index of 85, where 100 is the U.S. average). Spread across the 174 funeral homes on map listings, it comes to $588K per home. It is estimated from the incomes of the 842,765 households in the Indianapolis-Carmel-Greenwood metro area and national spending patterns by income.
How does the Indianapolis-Carmel-Greenwood, IN metro area compare with the U.S. for funeral homes?
The Indianapolis-Carmel-Greenwood metro area has 2.1 funeral homes per 10,000 households, in line with the U.S. rate of 2.1. Spending per home is $588K, 13% below the U.S. figure of $679K. At the national ratio of funeral homes to household spending, the Indianapolis-Carmel-Greenwood metro area would have about 151, against 174 on map listings. There is one business with payroll in the industry for every 8,182 households, against one for every 8,510 across the U.S. The official count held level from 2019 to 2023, against −1.7% for the U.S.
How fast is the Indianapolis-Carmel-Greenwood, IN metro area growing?
Population estimates put the Indianapolis-Carmel-Greenwood metro area at 2,205,695 people in 2025, up 5.4% since 2020, faster than the U.S. (+3.1%). It has 842,765 households. Median household income in the Indianapolis-Carmel-Greenwood metro area is $79,852, in line with the U.S. median of $80,734.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. The Indianapolis-Carmel-Greenwood metro area scores 44 for funeral homes (lower middle), #216 of 377 scored metro areas.
How can I see the market around a specific site?
Run a Groundwork site report on an address in the Indianapolis-Carmel-Greenwood metro area. It maps the funeral homes on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for funeral homes · All 56 business types in the Indianapolis-Carmel-Greenwood metro area
Screening a site or an acquisition in the Indianapolis-Carmel-Greenwood metro area?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of the Indianapolis-Carmel-Greenwood metro area. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.