Indianapolis, IN is a great place to call home. The median 2 bedroom rent in Indianapolis is $1,200, which is slightly lower than the US average of $1,430. With a Grocery Cost Index of 98 compared to 100 nationally, the cost of food is relatively low. Notable local companies such as Salesforce, Roche Diagnostics, and Anthem boast headquarters in Indianapolis and create many job opportunities for residents. With its affordability, vibrant culture and diverse economy, Indianapolis has become an increasingly popular destination to call home.
Indianapolis (zip 46220) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46220) 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 46220)
- The Sales Tax Rate for Indianapolis (zip 46220) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46220) 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 46220)
- The average income of a Indianapolis (zip 46220) resident is $40,482 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46220) resident is $85,942 a year. The US average is $69,021 a year.