Gary, Indiana is a city in Lake County, Indiana. It has an estimated population of 77,000 people and the median 2 bedroom rent is $900. The US average 2 bedroom rent is currently $1,430 which makes Gary an affordable place to live in comparison. Furthermore, Gary Grocery Cost Index stands at 90 compared to 100 in the US which makes it a great location to shop for groceries. There are many local companies in Gary such as Steel Dynamics which provides steel products to customers around the world as well as other locally owned businesses including Action Fabricating Inc., Monumental Contractors Inc., ITR Concession Company LLC and more.
Gary (zip 46408) has an unemployment rate of 7.6%. The US average is 6.0%.
Gary (zip 46408) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Gary (zip 46408)
- The Sales Tax Rate for Gary (zip 46408) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gary (zip 46408) 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 46408)
- The average income of a Gary (zip 46408) resident is $18,282 a year. The US average is $28,555 a year.
- The Median household income of a Gary (zip 46408) resident is $39,905 a year. The US average is $69,021 a year.