The city of Indianapolis in Indiana, zip code 46231, offers a cost of living that is slightly lower than the US average. Data demonstrates that the median 2 bedroom rent is $1,550, while the US median 2 bedroom rent is $1,430. In addition, the Grocery Cost Index in this region is 94 compared to 100 as the national average.
Living in Indianapolis offers many advantages for individuals and families alike. The city boasts many well-known companies such as Rolls-Royce Corporation, Anthem and Eli Lilly. There are also a variety of local businesses providing quality services such as Carpenter Realtors, IDS Real Estate Group and J S Walker & Associates. With its reasonable cost of living and array of local companies providing service options, Indianapolis can be an ideal place to live and work.
Indianapolis (zip 46231) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46231) 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 46231)
- The Sales Tax Rate for Indianapolis (zip 46231) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46231) 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 46231)
- The average income of a Indianapolis (zip 46231) resident is $23,103 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46231) resident is $62,739 a year. The US average is $69,021 a year.