| Speedway, Indiana | |
| Settlement Type: | Town |
| Nicknames: | "Home of the 500"; "Racing Capital of the World" |
| Mapsize: | 250px |
| Subdivision Type: | Country |
| Subdivision Name: | United States |
| Subdivision Type1: | State |
| Subdivision Name1: | Indiana |
| Subdivision Type2: | County |
| Subdivision Name2: | Marion |
| Subdivision Type3: | Township |
| Subdivision Name3: | Wayne |
| Leader Title: | Town Manager |
| Leader Name: | Grant Kleinhenz |
| Established Title: | Incorporated |
| Established Date: | July 14, 1926 |
| Area Footnotes: | [1] |
| Unit Pref: | Imperial |
| Area Total Km2: | 12.40 |
| Area Land Km2: | 12.40 |
| Area Water Km2: | 0.01 |
| Area Total Sq Mi: | 4.79 |
| Area Land Sq Mi: | 4.79 |
| Area Water Sq Mi: | 0.00 |
| Elevation Ft: | 728 |
| Population Footnotes: | [2] |
| Population As Of: | 2020 |
| Population Total: | 13952 |
| Population Density Sq Mi: | 2915.17 |
| Population Density Km2: | 1125.55 |
| Timezone: | EST |
| Utc Offset: | -5 |
| Timezone Dst: | EDT |
| Utc Offset Dst: | -4 |
| Coordinates: | 39.7953°N -86.255°W |
| Postal Code Type: | ZIP code |
| Postal Code: | 46224 |
| Area Code: | 317 |
| Blank Name: | FIPS code |
| Blank Info: | 18-71828[3] |
| Blank1 Name: | GNIS feature ID |
| Blank1 Info: | 2397670 |
Speedway is a town in Wayne Township, Marion County, Indiana, United States. The population was 13,952 at the 2020 census,[2] up from 11,812 in 2010.[4] Speedway, which is an enclave of Indianapolis, is the home of the Indianapolis Motor Speedway.
Speedway was laid out in 1912 as a residential suburb.[5] It took its name from the Indianapolis Motor Speedway, constructed three years earlier.[6] It is an early example of a residential community planned for the industrial plants located nearby.[7] Carl G. Fisher, James A. Allison, Frank Wheeler, and Arthur Newby, founders of the Indianapolis Motor Speedway, planned the suburb of Speedway west of the track.[8] Fisher and Allison owned plants that needed workers, the Prest-O-Lite factory and Allison Engine Company. The investors' goal was to create a city without horses, where residents would drive automobiles, as well as participate in creating mechanical parts for new modes of transportation.[7]
Speedway was incorporated as a town in July 1926.[9] The Speedway Historic District was listed on the National Register of Historic Places in 2005.
Speedway is located in western Marion County. It is 5miles west-northwest of downtown Indianapolis.
According to the U.S. Census Bureau, Speedway has a total area of 4.79sqmi, of which 0.004sqmi, or 0.08%, are water.[1] The town is drained by Eagle Creek, which runs along the southwest edge of town, and its tributaries Dry Run and Little Eagle Creek, which flow past or around the speedway. Eagle Creek continues east to join the White River in southwest Marion County.
The climate in this area is characterized by hot, humid summers and generally mild to cool winters. According to the Köppen Climate Classification system, Speedway has a humid subtropical climate, Cfa on climate maps.[10] With a January daily mean of -2C however, Speedway is very close to the humid continental type.
As of the census[11] of 2010, 11,812 people, 5,550 households, and 2,931 families resided in the town. The population density was 2481.5PD/sqmi. The 6,709 housing units averaged 1409.5/sqmi. The racial makeup of the town was 74.2% White, 16.7% African American, 0.3% Native American, 2.0% Asian, 4.4% from other races, and 2.3% from two or more races. Hispanics or Latinos of any race were 7.6% of the population.
Of the 5,550 households, 26.9% had children under the age of 18 living with them, 32.4% were married couples living together, 15.3% had a female householder with no husband present, 5.2% had a male householder with no wife present, and 47.2% were not families. About 39.9% of all households were made up of individuals, and 12.9% had someone living alone who was 65 years of age or older. The average household size was 2.13 and the average family size was 2.84.
The median age in the town was 37.8 years. About 21.7% of residents were under the age of 18; 10.8% were between the ages of 18 and 24; 26.7% were from 25 to 44; 25.8% were from 45 to 64; and 14.8% were 65 years of age or older. The gender makeup of the town was 48.3% male and 51.7% female.
As of the census of 2000, 12,882 people, 6,151 households, and 3,278 families resided in the town. The 6,151 households had 24.5% with children under the age of 18 living with them, 36.6% married couples living together, 12.5% female householders with no husband present, and 46.7% not families. In the town, the population was spread out, with 20.9% under the age of 18, 10.1% from 18 to 24, 31.5% from 25 to 44, 20.2% from 45 to 64, and 17.2% who were 65 years of age or older. The median age was 37 years. For every 100 females, there were 89.2 males. For every 100 females age 18 and over, there were 84.9 males.
The median income for a household in the town was $37,713, and for a family was $49,005. Males had a median income of $36,756 versus $26,954 for females. The per capita income for the town was $21,468. About 5.6% of families and 8.8% of the population were below the poverty line, including 7.7% of those under age 18 and 9.5% of those age 65 or over.
The town has a lending library, the Speedway Public Library.[12]
In addition to the Indianapolis Motor Speedway itself, several related companies are located south of the racetrack, including the United States Auto Club headquarters, the Dallara racecar factory, racing teams A. J. Foyt Racing, and Harding Racing, and the Speedway Indoor karting racetrack. Also, Allison Transmission has a factory nearby.
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