The economy of 47339 Economy, IN is a vibrant one. It is home to many local companies such as Indiana Fabricators, Inc., Folsom Automotive Services, and Booth Brothers Construction. The cost of living in this area is relatively low compared to other areas in the US. For example, the average 2 bedroom rent in this area is $850 which is much lower than the national average of $1,430. Additionally, according to the Grocery Cost Index for this area it is 95 versus 100 in the US. This means that groceries are relatively cheaper here than in other parts of the country.
Economy (zip 47339) has an unemployment rate of 4.7%. The US average is 6.0%.
Economy (zip 47339) 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 Economy (zip 47339)
- The Sales Tax Rate for Economy (zip 47339) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Economy (zip 47339) 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 Economy (zip 47339)
- The average income of a Economy (zip 47339) resident is $21,250 a year. The US average is $28,555 a year.
- The Median household income of a Economy (zip 47339) resident is $56,250 a year. The US average is $69,021 a year.