The city of Indianapolis, IN (zip code 46278) is a great place to live. With an estimated population of 876,862 people as of 2019, it is the most populous city in Indiana. The median two-bedroom rent in Indianapolis is $1,240 which is significantly lower than the US median rent price of $1,430. Additionally, the grocery cost index in Indianapolis is 100 versus 100 in the US – meaning groceries are no more expensive here than anywhere else in the country.
Indianapolis is a thriving city with a number of local businesses to explore. There's Eli Lilly and Co., one of the largest pharmaceutical companies headquartered here. Other major employers include Anthem Inc., IU Health, and Rolls Royce Corp. There are also many smaller businesses such as Kincaid's Meat Market and Real Urban Barbecue that make Indy a great place to be!
Indianapolis (zip 46278) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46278) 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 46278)
- The Sales Tax Rate for Indianapolis (zip 46278) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46278) 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 46278)
- The average income of a Indianapolis (zip 46278) resident is $53,073 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46278) resident is $135,602 a year. The US average is $69,021 a year.