Zip 46738 (Garrett, IN) Economy


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United States / Indiana / Auburn Metro Area / DeKalb County / No City / Garrett (zip 46738)
Garrett, IN is a small town in DeKalb County with a population of around 46738 people. Renting a two-bedroom apartment in Garrett costs approximately $810 per month, while the average US rent for the same size unit is $1,430. Despite being slightly more affordable than the rest of America, groceries are more expensive in Garrett according to cost index measurements - 91 versus 100. Garrett offers local businesses and amenities that offer quality services for its residents. Notable companies include J&J's Garage Door Solutions Inc., Mastertec Roofing & Siding LLC, and Sweetwood Sign Co Inc. All three have been providing quality service to locals since their establishment and have established a good reputation over the years.

Garrett (zip 46738) has an unemployment rate of 3.7%. The US average is 6.0%.

Garrett (zip 46738) has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.

Tax Rates for Garrett (zip 46738)
- The Sales Tax Rate for Garrett (zip 46738) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Garrett (zip 46738) 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 Garrett (zip 46738)
- The average income of a Garrett (zip 46738) resident is $26,289 a year. The US average is $37,638 a year.
- The Median household income of a Garrett (zip 46738) resident is $53,221 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGarrett, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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