Zip 47324 (Boston, IN) Economy


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47324 Boston, IN is an affordable place to live; the average 2 bedroom rent is $730, while the US average for 2 bedroom rent is $1,430. The grocery cost index in Boston is 92 versus 100 in the US. Local companies like Walmart, Kroger, and Aldi offer groceries at a lower price than the national average. Walmart offers a wide variety of food options ranging from $1 - $10 per item. Kroger also offers reasonably priced items with deals and discounts on certain products. Aldi is known for offering lower quality items that are still good value for money with prices usually ranging between $2 - 10 per item.

Boston (zip 47324) has an unemployment rate of 4.7%. The US average is 6.0%.

Boston (zip 47324) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.

Tax Rates for Boston (zip 47324)
- The Sales Tax Rate for Boston (zip 47324) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boston (zip 47324) 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 Boston (zip 47324)
- The average income of a Boston (zip 47324) resident is $20,325 a year. The US average is $28,555 a year.
- The Median household income of a Boston (zip 47324) resident is $41,563 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBoston, IndianaUnited States
  4.76
  -6.4%-6.2%
  29.7%33.5%
  7.0%6.2%
  4.7%4.6%
  $17,223$37,638
  $41,563$69,021
  $50,000$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.1%6.8%
  8.1%10.0%
  0.0%2.5%
  8.1%11.0%
  3.0%4.8%
  0.0%0.8%
  2.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  10.1%9.3%
  28.3%14.0%
  0.0%2.1%
  23.2%7.0%
  0.0%4.8%
  5.1%4.7%
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