Anderson, IN 46016 is a city located approximately 28 miles northeast of Indianapolis. It is home to a population of about 56,400 people. The cost of living in Anderson is slightly lower than the national average with a 2 bedroom rent averaging $890 per month compared to the US average of $1,430. Additionally, the grocery cost index for Anderson is 88 versus 100 nationally.
Anderson has many local companies including Cintas Corporation, EATON Corporation and Volvo Group North America. In addition to these major employers there are numerous small businesses that contribute to the local economy. Local laws and regulations are mainly set by Madison County although some additional provisions may be implemented at the city level such as zoning restrictions or business licensing requirements. Taxes in Anderson include sales tax which varies between 6-8%, property tax which averages around 0.85%, and income tax at 3.3%.
Anderson (zip 46016) has an unemployment rate of 6.8%. The US average is 6.0%.
Anderson (zip 46016) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Anderson (zip 46016)
- The Sales Tax Rate for Anderson (zip 46016) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Anderson (zip 46016) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Anderson (zip 46016)
- The average income of a Anderson (zip 46016) resident is $13,593 a year. The US average is $28,555 a year.
- The Median household income of a Anderson (zip 46016) resident is $29,879 a year. The US average is $69,021 a year.