Zip 47916 (Alamo, IN) Economy


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The town of Alamo, Indiana (47916) is an ideal location for anyone hoping to rent a two-bedroom apartment or house. The average two bedroom rent in Alamo is $740, which is significantly lower than the US average of $1430. Additionally, the grocery cost index in Alamo is 88 versus 100 in the US, making it more affordable to purchase groceries at local stores. There are several local companies that can help potential renters with their rental costs such as Knollcrest Property Management, Haven House Realty Group, and Twin City Property Management. All of these companies provide professional and reliable services to potential renters and guarantee a hassle free experience.

Alamo (zip 47916) has an unemployment rate of 3.6%. The US average is 6.0%.

Alamo (zip 47916) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.

Tax Rates for Alamo (zip 47916)
- The Sales Tax Rate for Alamo (zip 47916) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Alamo (zip 47916) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Alamo (zip 47916)
- The average income of a Alamo (zip 47916) resident is $17,305 a year. The US average is $28,555 a year.
- The Median household income of a Alamo (zip 47916) resident is $47,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlamo, IndianaUnited States
  3.66
  -3.9%-6.2%
  24.5%33.5%
  7.0%6.2%
  5.5%4.6%
  $14,222$37,638
  $47,917$69,021
Family Median Income 85028
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