The city of Indianapolis, IN has a 2 bedroom rent of $1,270 which is lower than the US average 2 bedroom rent of $1,430. This means that for those looking to live in Indianapolis they can expect to pay slightly less for an apartment than what one would nationally. Groceries are also cheaper in Indianapolis than the US average cost index; at 95 versus 100. Some companies that offer these costs include Chas Realty & Management, Central Indiana Real Estate Services, and The Stewart Home Group. These companies specialize in giving their customers an honest look at what rent and groceries actually cost within the area so that a potential renter or buyer can make an informed decision on where they should live.
Indianapolis (zip 46234) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46234) 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 46234)
- The Sales Tax Rate for Indianapolis (zip 46234) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46234) 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 46234)
- The average income of a Indianapolis (zip 46234) resident is $30,224 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46234) resident is $81,685 a year. The US average is $69,021 a year.