46222 Indianapolis, IN is an excellent location for those who are looking for a much lower cost of living compared to the US average. The 2 bedroom rent is only $1,040 while the US average is $1,430. Groceries also cost significantly less with a grocery index of 89 versus 100 in the US. There are many employers in the area as well, such as Eli Lilly and Company, Allison Transmission and Anthem Inc., to name just a few. These companies offer competitive salaries and attractive benefits packages making them great places to work. Other local employers include Rolls Royce Corporation, Simon Property Group and Dow AgroSciences LLC. With affordable rent and groceries combined with excellent job opportunities, 46222 Indianapolis, IN is an ideal place to live and work.
Indianapolis (zip 46222) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46222) 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 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Indianapolis (zip 46222)
- The Sales Tax Rate for Indianapolis (zip 46222) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46222) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Indianapolis (zip 46222)
- The average income of a Indianapolis (zip 46222) resident is $13,767 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46222) resident is $41,502 a year. The US average is $69,021 a year.