Zip 47358 (Modoc, IN) Economy


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United States / Indiana / No Metro Area / Randolph County / No City / Modoc (zip 47358)
47358 Modoc, IN is a small town in Randolph County with a population of approximately 270 people. The average rent for a two-bedroom apartment in Modoc is $780, which is significantly lower than the US average of $1,430. The cost of living index in this area is 92, which also lower than the national average index of 100. There are several local businesses in 47358 Modoc including Smith's Grocery Store that offers fresh produce and everyday items, Jones Family Hardware which offers hardware supplies and equipment for home projects as well as services like lawn care and home repairs, and Anderson Automotive which specializes in automotive service and repair needs.

Modoc (zip 47358) has an unemployment rate of 4.6%. The US average is 6.0%.

Modoc (zip 47358) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.

Tax Rates for Modoc (zip 47358)
- The Sales Tax Rate for Modoc (zip 47358) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Modoc (zip 47358) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Modoc (zip 47358)
- The average income of a Modoc (zip 47358) resident is $21,495 a year. The US average is $28,555 a year.
- The Median household income of a Modoc (zip 47358) resident is $54,196 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyModoc, IndianaUnited States
  4.66
  -4.1%-6.2%
  9.6%33.5%
  7.0%6.2%
  5.5%4.6%
  $27,267$37,638
  $54,196$69,021
  $74,485$85,028
  Population by Occupation
  7.2%1.2%
  0.0%0.5%
  12.4%6.8%
  17.6%10.0%
  1.2%2.5%
  7.7%11.0%
  5.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.4%4.7%
  2.1%1.9%
  0.0%7.6%
  1.4%0.1%
  5.6%4.2%
  9.7%9.3%
  16.8%14.0%
  0.4%2.1%
  7.0%7.0%
  3.9%4.8%
  1.4%4.7%
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