Lapel, IN (46051) is an ideal town to live in for those who want an affordable cost of living. The average 2 bedroom rent in this area is only $980 compared to the US 2 bedroom rent average of $1,430. Additionally, groceries here are cheaper than the national average with a Grocery Cost Index of 93 versus 100 in the US. These low prices make Lapel a great place to stay. Local businesses provide everything necessary for everyday life and add to its charm. Examples include Lapel Hardware & Supply Co., Mallow's Sundries & Gifts, Little Flower Shop, and Lapel Garage Door Service. Residents can also enjoy delicious meals at local restaurants like J&B Family Restaurant and Iron Skillet. All these businesses offer exceptional services that make life easier and more enjoyable in Lapel (46051).
Lapel (zip 46051) has an unemployment rate of 5.4%. The US average is 6.0%.
Lapel (zip 46051) 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 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Lapel (zip 46051)
- The Sales Tax Rate for Lapel (zip 46051) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lapel (zip 46051) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lapel (zip 46051)
- The average income of a Lapel (zip 46051) resident is $28,154 a year. The US average is $28,555 a year.
- The Median household income of a Lapel (zip 46051) resident is $67,786 a year. The US average is $69,021 a year.