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Kokomo, Indiana

Economy in Kokomo

Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.

Economy in Kokomo, Indiana

Kokomo’s economy is deeply rooted in manufacturing, automotive production, and advanced engineering, anchored by major employers like Stellantis and Haynes International. In recent years, substantial investments in electric vehicle battery manufacturing have revitalized the local industrial sector and driven job growth. While manufacturing remains the dominant economic driver, healthcare, retail, and education also provide diverse employment opportunities throughout the greater county area.

Economy & Jobs

Average Salary
$58,000
Unemployment
4.00%
GDP
$0.0B
Business Score
67

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About Kokomo, Indiana

Kokomo, Indiana, located in Howard County, is a historic Midwestern city known as the 'City of Firsts' due to its rich industrial heritage in automotive manufacturing and innovation. Founded along Wildcat Creek, the city grew from an early trading post into a major manufacturing hub, notably housing early automobile pioneers and extensive facilities for General Motors and Stellantis. Today, Kokomo balances its industrial legacy with ongoing community revitalization efforts, offering residents a classic small-city atmosphere paired with modern amenities, parks, and local cultural events.

About Indiana

Indiana, known as the "Hoosier State," offers a practical and community-oriented lifestyle with a cost of living generally below the national average. Its economy is diverse, with major industries including advanced manufacturing (automotive, steel, pharmaceuticals, medical devices), agriculture (corn, soybeans, hogs), life sciences, and logistics. The state experiences a humid continental climate, characterized by hot, muggy summers and cold, snowy winters, with spring and fall offering more moderate temperatures. Residents often value a relaxed pace of life, strong community ties, and access to outdoor activities and major metropolitan areas.

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