The cost of living in 46208 Indianapolis, IN is quite affordable compared to many other areas. A two bedroom apartment here will typically rent for about $980, substantially lower than the national average of $1,430. The Grocery Cost Index here is also much lower than the US average at 93, making this a great place for those trying to stick to a budget.
There are many great companies located in 46208 Indianapolis, IN, such as Eli Lilly and Company, which is one of the largest pharmaceutical companies in the world; Rolls-Royce North America Inc., a leading aircraft engine manufacturer; and Indiana University Health which is a nationally recognized health care organization with several hospitals and research centers throughout the area. All of these businesses make 46208 Indianapolis, IN an attractive location for people looking for employment opportunities.
Indianapolis (zip 46208) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46208) 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 46208)
- The Sales Tax Rate for Indianapolis (zip 46208) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46208) 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 46208)
- The average income of a Indianapolis (zip 46208) resident is $21,566 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46208) resident is $41,076 a year. The US average is $69,021 a year.