46224 Indianapolis, IN is an excellent place to live due to its low living costs. The average two bedroom rent in the area is $980 compared to the US average of $1,430. Additionally, grocery costs in 46224 Indianapolis, IN are 93 out of 100 compared to the US average. This means that the local residents save a lot of money on groceries. Companies like Kroger, Marsh Supermarket, Payless Foods, and Kroger Marketplace offer groceries at affordable prices in this area. Other popular stores like Walmart and Target also provide quality products at reasonable prices for local families. All these stores make it easier for 46224 Indianapolis families to manage their finances without sacrificing quality.
Indianapolis (zip 46224) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46224) 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 46224)
- The Sales Tax Rate for Indianapolis (zip 46224) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46224) 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 46224)
- The average income of a Indianapolis (zip 46224) resident is $17,645 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46224) resident is $45,668 a year. The US average is $69,021 a year.