Gary, Indiana is a city in Lake County with a population of approximately 76,000 people. The cost of living index for Gary is 91, which is lower than the United States overall index of 100. The average two-bedroom rent in Gary is $920, significantly less than the national average of $1,430. Businesses within the city include U.S. Steel Corporation's Gary Works facility and BP Products North America Inc., which make up a huge portion of the local economy along with other companies like CVS Health, ArcelorMittal USA and Stancor Industries Incorporated who all have corporate offices located in Gary.
Gary (zip 46406) has an unemployment rate of 13.0%. The US average is 6.0%.
Gary (zip 46406) 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 46406)
- The Sales Tax Rate for Gary (zip 46406) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gary (zip 46406) 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 46406)
- The average income of a Gary (zip 46406) resident is $19,865 a year. The US average is $37,638 a year.
- The Median household income of a Gary (zip 46406) resident is $33,750 a year. The US average is $69,021 a year.