The Indianapolis Motor Speedway and Lucas Oil Indianapolis Raceway Park are a short drive away, but hardcore racing fans love coming the other way to see tomorrow’s top drivers compete at Paragon Speedway. This small community located along State Route 67 is the kind of place kids can explore without worrying their parents. Check out their website.
As of 2025 the population of Paragon, IN is 558. The population is expected to shrink to 553 by 2030 - a growth rate of -0.18%.
The median age of Paragon, IN residents is 40.
The diversity index of Paragon, IN is 11.3, meaning that there is a 11% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in Paragon, IN is $63,524 and projected to be $72,046 in 2030. Per capita income is $23,679, projected to be $27,099 in 2030. 0% of households – 0 – have an income of $200,000 or higher. Average net worth is $337,024 and the average disposable income is $51,527.
There are 240 housing units in Paragon, IN; 145 are owner-occupied, 63 are rented, and 32 are vacant. The average home value is $136,379, with 14 homes built in 2010 or later, and 166 built in 1939 or earlier.
There are 18 businesses in Paragon, IN, employing 138 workers and pulling from a labor force of 235 age 16 and above. 99 workers commute into Paragon, IN from outside the county or state. Key industries for the area include:
136 residents both live and work in/around Paragon, IN. The average travel time is 33.9 minutes. 1.47% people have a commute of less than 5 minutes while 6.62% commute 90 minutes or more each way. Of commuters, 179 drive alone, 25 carpool, and 0 take public transportation. 29 use other modes of transport such as motorcycle, bicycle, walking, etc. 2 residents work from home.
194 members of the workforce hold a high school diploma or GED. 36 have associates degrees, 9 have bachelor’s degrees, and 0 hold a graduate or professional degree.
