Indianapolis has the 14th largest population in the United States. The population grew by 4.0% from 2010 to 2015, which was faster than the national average. Unemployment in the Indianapolis area is 4.0%, which is lower than the national average, and is getting better. Indianapolis has the 26th largest local economy in the US, and a low cost of living. The average pay for jobs in Indianapolis is below average at $45,780, and the median cost of a home in Indianapolis is $117,200, which is below the national average. 27% of workers in Indianapolis hold a bachelors degree or higher (above average), and 84% of workers have a high school degree (above average). Driving to work is especially common in Indianapolis. 82% of Indianapolis workers drive to work alone, 1% take public transit, 9% carpool, and 6% walk. People in Indianapolis spend an average of 22 minutes commuting to work, which is shorter than the national average of 26 minutes.