Gary, Indiana (zip code 46404) is a city located in Lake County with an estimated population of 76,895. The 2 bedroom rent in Gary is $950, which is lower than the U.S. average of $1,430. The Grocery Cost Index in Gary is 90 versus 100 in the US. This makes Gary a relatively affordable place to live when compared to other cities across the country.
Gary is home to several businesses such as Steel Dynamics Inc., United States Steel Corporation, and Calumet Specialty Products Partners. In addition to these companies, Gary has also become a major hub for transportation and logistics companies such as FedEx Ground and Schneider National Inc., Gold Bond Logistics LLC, and Trimac Transportation Services Petroleum Tankers LLC who all have their corporate offices here or have significant operations within the city limits.
With its favorable cost of living and presence of several local companies that contribute significantly to its economy, Gary provides plenty of opportunities for residents looking to buy homes or find reasonable rentals at affordable prices.
Gary (zip 46404) has an unemployment rate of 13.0%. The US average is 6.0%.
Gary (zip 46404) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Gary (zip 46404)
- The Sales Tax Rate for Gary (zip 46404) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gary (zip 46404) is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gary (zip 46404)
- The average income of a Gary (zip 46404) resident is $19,983 a year. The US average is $37,638 a year.
- The Median household income of a Gary (zip 46404) resident is $35,071 a year. The US average is $69,021 a year.