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 2026 the population of Paragon, IN is 556. The population is expected to grow to 564 by 2031 - a growth rate of 0.29%.
The median age of Paragon, IN residents is 37.
The diversity index of Paragon, IN is 11.6, meaning that there is a 12% 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 $64,619 and projected to be $68,570 in 2031. Per capita income is $24,406, projected to be $25,896 in 2031. 0% of households – 0 – have an income of $200,000 or higher. Average net worth is $286,798 and the average disposable income is $50,307.
There are 243 housing units in Paragon, IN; 125 are owner-occupied, 85 are rented, and 33 are vacant. The average home value is $139,100, with 52 homes built in 2010 or later, and 141 built in 1939 or earlier.
There are 16 businesses in Paragon, IN, employing 110 workers and pulling from a labor force of 224 age 16 and above. 82 workers commute into Paragon, IN from outside the county or state. Key industries for the area include:
142 residents both live and work in/around Paragon, IN. The average travel time is 0.0 minutes. 7.04% people have a commute of less than 5 minutes while 6.34% commute 90 minutes or more each way. Of commuters, 164 drive alone, 28 carpool, and 0 take public transportation. 20 use other modes of transport such as motorcycle, bicycle, walking, etc. 12 residents work from home.
182 members of the workforce hold a high school diploma or GED. 49 have associates degrees, 18 have bachelor’s degrees, and 0 hold a graduate or professional degree.
Source: ESRI, 2026-08-31
