The Indianapolis-Carmel-Anderson, IN Metro Area is a great place to live. It has a low cost of living compared to the rest of the United States, with 2 bedroom rent averaging $1,050 versus $1,430 nationally. Additionally, the local grocery cost index in the metro area is 95 compared to 100 in the US. Companies like Eli Lilly and Company, WellPoint Inc., and Allison Transmission are all based in this area and employ thousands of workers in both skilled and unskilled positions. The Indy 500 also calls this city home making it an exciting place to live as well. All in all, if you are looking for a place that has job opportunities and a lower cost of living than most cities across the U.S., then Indianapolis-Carmel-Anderson, IN Metro Area is worth considering.
Indianapolis-Carmel-Anderson Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Indianapolis-Carmel-Anderson Metro Area 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 39.0%, which is higher than the US average of 33.5%.
Tax Rates for Indianapolis-Carmel-Anderson Metro Area
- The Sales Tax Rate for Indianapolis-Carmel-Anderson Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis-Carmel-Anderson Metro Area 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-Carmel-Anderson Metro Area
- The average income of a Indianapolis-Carmel-Anderson Metro Area resident is $27,778 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis-Carmel-Anderson Metro Area resident is $67,330 a year. The US average is $69,021 a year.