Fort Wayne, Indiana, located in Allen County zip code 46816, is a great place to live. The cost of living here is quite affordable, with two bedroom rent averaging around $810 per month. This is significantly lower than the national average of $1,430 for two bedroom rentals. Grocery costs are also relatively inexpensive in Fort Wayne; the Grocery Cost Index here is 91 compared to 100 for the US as a whole.
The city has several popular local companies that residents can easily access while living here such as Sweetwater Sound, Parkview Health System and Do it Best Corporation. Additionally, there are several well-known universities and colleges located in Fort Wayne including Indiana University–Purdue University Fort Wayne (IPFW), Indiana Institute of Technology and University of Saint Francis.
Altogether, Fort Wayne provides an excellent quality of life due to its low cost of living when compared to the rest of the country. Its local businesses provide job opportunities for residents while its universities offer a range of educational programs for those interested in furthering their education.
Fort Wayne (zip 46816) has an unemployment rate of 5.1%. The US average is 6.0%.
Fort Wayne (zip 46816) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Fort Wayne (zip 46816)
- The Sales Tax Rate for Fort Wayne (zip 46816) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Wayne (zip 46816) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Wayne (zip 46816)
- The average income of a Fort Wayne (zip 46816) resident is $18,138 a year. The US average is $28,555 a year.
- The Median household income of a Fort Wayne (zip 46816) resident is $40,734 a year. The US average is $69,021 a year.