Zip 47234 (Flat Rock, IN) Economy


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47234 Flat Rock, IN is an affordable place to live with competitive rent for 2 bedroom apartments costing about $950. This is significantly less than the US average of $1,430. Grocery cost in this area are also below the national average, with the grocery cost index in 47234 Flat rock being 94 versus 100 in the US. There are many local businesses in this area, such as Rock City Cafe and Bar, Frank's Pizza & Subs and Big Lots Stores. These companies provide residents with goods and services that make living in this area an enjoyable experience.

Flat Rock (zip 47234) has an unemployment rate of 4.0%. The US average is 6.0%.

Flat Rock (zip 47234) 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 36.3%, which is higher than the US average of 33.5%.

Tax Rates for Flat Rock (zip 47234)
- The Sales Tax Rate for Flat Rock (zip 47234) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Flat Rock (zip 47234) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Flat Rock (zip 47234)
- The average income of a Flat Rock (zip 47234) resident is $21,281 a year. The US average is $28,555 a year.
- The Median household income of a Flat Rock (zip 47234) resident is $68,534 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFlat Rock, IndianaUnited States
  46
  -4.8%-6.2%
  36.3%33.5%
  7.0%6.2%
  4.7%4.6%
  $29,906$37,638
  $68,534$69,021
  $75,417$85,028
  Population by Occupation
  4.4%1.2%
  0.0%0.5%
  15.6%6.8%
  26.9%10.0%
  2.2%2.5%
  9.8%11.0%
  1.2%4.8%
  0.0%0.8%
  0.0%1.9%
  1.4%4.7%
  2.1%1.9%
  3.9%7.6%
  0.0%0.1%
  1.7%4.2%
  5.9%9.3%
  15.6%14.0%
  0.0%2.1%
  3.3%7.0%
  2.3%4.8%
  3.8%4.7%
Health