Zip 47951 (Kentland, IN) Economy


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Kentland, Indiana is an excellent place to live due to its many amenities. The two bedroom rent in Kentland is $800 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Kentland is 90 which is 10 points lower than that of the US making it more affordable for residents.
The town of Kentland offers many great local companies including K&K Recycling LLC, McClellan’s Plumbing & Door Service Inc, and Dave's Auto Repair. These companies provide various services ranging from recycling to plumbing and auto repair, giving residents plenty of options when it comes to getting services done locally.
In conclusion, Kentland provides a great quality of life with its low rent and affordable groceries, as well as access to numerous local businesses that provide reliable services. This makes Kentland an ideal place for people looking to start a new life or have an enjoyable life without having to worry about finances or services they may need.

Kentland (zip 47951) has an unemployment rate of 5.0%. The US average is 6.0%.

Kentland (zip 47951) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Kentland (zip 47951)
- The Sales Tax Rate for Kentland (zip 47951) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kentland (zip 47951) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Kentland (zip 47951)
- The average income of a Kentland (zip 47951) resident is $22,503 a year. The US average is $28,555 a year.
- The Median household income of a Kentland (zip 47951) resident is $55,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKentland, IndianaUnited States
  56
  -7.2%-6.2%
  27.6%33.5%
  7.0%6.2%
  4.2%4.6%
  $26,499$37,638
  $55,813$69,021
  $66,250$85,028
  Population by Occupation
  9.6%1.2%
  0.0%0.5%
  6.4%6.8%
  23.4%10.0%
  1.5%2.5%
  9.1%11.0%
  3.3%4.8%
  0.5%0.8%
  0.5%1.9%
  7.5%4.7%
  1.9%1.9%
  2.9%7.6%
  0.0%0.1%
  0.7%4.2%
  5.0%9.3%
  13.5%14.0%
  0.7%2.1%
  9.2%7.0%
  1.5%4.8%
  2.7%4.7%
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