Speedway, IN Crime Rates

An Overview of Crime Rates in Speedway, IN

The Speedway crime rates are 41.3% higher than the national average. There are two main categories of crime - violent crime and property crime. Violent crime consists of murder, rape, robbery and assault, while property crimes include burglary, theft and vehicle theft. There were a total of 43 violent crimes in Speedway (316 per 100,000 people), which is 14.6% lower than the national average and there were a total of 404 property crimes (2968 per 100,000 residents) which is 51.9% higher than average.

What Do the Locals Say About Crime in Speedway?

AreaVibes has conducted polls asking local residents if they feel safe living in Speedway. Based on the results of the surveys (10 responses), 90% of people felt that there was very little crime in Speedway and felt safe walking alone at night. While 10% of people felt that it was not a safe place to live and did not feel safe walking alone at night.

Is Speedway a Safe Place to Live?

Is Speedway a safe place to live? While the answer may not be straightforward due to variations in safety levels across the city, gaining an understanding of the overall crime rate can prove to be advantageous. In general, Speedway has a crime rate that is higher than the national average by 41%. Breaking this down on a daily basis, it translates to 1.22 daily incidents, encompassing 0.12 violent crimes and 1.11 property crimes. Evaluating these statistics can aid in forming a more informed perspective on the safety of Speedway as a potential place to call home.

Has Crime in Speedway Increased Since Last Year?

Year-over-year crime data allows residents and potential residents to assess the crime in Speedway. A decrease in crime rates may indicate improving safety, while an increase could raise concerns. The year-over-year crime rate in Speedway has increased by 2.5%. Violent crimes have decreased by 14%, while property crimes have increased by 4.7%. By comparing crime rates from one year to the next, authorities and communities can identify trends and patterns in criminal activity. This helps in understanding whether crime is increasing, decreasing, or remaining stable over time.

Potential Causes for Crime in Speedway

Rising cost of living expenses, including increased housing costs, grocery, utility and healthcare expenditures, can induce financial strain on individuals and families, particularly those with limited financial resources. Such economic stress may propel individuals towards crime, including theft or burglary, as a means of addressing their financial hardships. Conversely, cities characterized by a lower cost of living may alleviate economic pressures, potentially resulting in a reduced crime rate. In Speedway, the cost of living is 12.38% lower than the national average, reflecting a more affordable economic environment that could contribute to a decrease in crime levels.

The median home price in Speedway is $131,900, compared to the national average of $184,700. High housing costs can lead to financial stress for residents. When individuals struggle to make ends meet due to expensive housing, they may be more inclined to engage in criminal activities to address their financial difficulties, such as theft or fraud. Communities with stable housing environments tend to foster stronger social bonds and community engagement. This can lead to increased vigilance and cooperation among residents, which can deter criminal behavior.

In Speedway, the average rental rates are $893 per month, compared to the national average of $949. Rapid increases in rental costs can lead to neighborhood instability as residents are forced to move frequently in search of more affordable housing. This transience can weaken community bonds and hinder the establishment of social support networks, which can indirectly contribute to crime. While affordable rent and areas with higher income per capita, allow for long term renters and community bonds to the formed, therefore reducing crime rates on the long term.

Speedway crime map