As of the census of 2000, there are 14,895 people, 4,804 households, and 1,666 families residing in the borough. The population density is 3,267.6/km² (8,440.0/mi²). There are 5,096 housing units at an average density of 1,117.9/km² (2,887.6/mi²). The racial makeup of the borough is 91.51% White, 5.19% African American, 0.07% Native American, 1.89% Asian, 0.02% Pacific Islander, 0.44% from other races, and 0.89% from two or more races. 1.20% of the population are Hispanic or Latino of any race.
There are 4,804 households out of which 14.1% have children under the age of 18 living with them, 26.5% are married couples living together, 6.1% have a female householder with no husband present, and 65.3% are non-families. 34.1% of all households are made up of individuals and 10.3% have someone living alone who is 65 years of age or older. The average household size is 2.29 and the average family size is 2.81.
In the borough the population is spread out with 8.2% under the age of 18, 59.4% from 18 to 24, 13.7% from 25 to 44, 10.5% from 45 to 64, and 8.2% who are 65 years of age or older. The median age is 22 years. For every 100 females there are 83.8 males. For every 100 females age 18 and over, there are 82.3 males.
The median income for a household in the borough is $21,279, and the median income for a family is $47,192. Males have a median income of $26,506 versus $22,471 for females. The per capita income for the borough is $12,317. 44.1% of the population and 11.2% of families are below the poverty line. Out of the total people living in poverty, 14.3% are under the age of 18 and 11.5% are 65 or older.
Indiana is the hometown of Jimmy Stewart. Its industries consist primarily of accumulation of rust, and laying off coal miners. Unemployment figures often exceed the actual number of full-time residents.