Zip 47240 (Greensburg, IN) Economy


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United States / Indiana / Greensburg Metro Area / Decatur County / No City / Greensburg (zip 47240)
Greensburg, IN (47240) is a small city located in Decatur County. It is home to a population of 10,859 people as of 2020. With an area of over 5 square miles, the city offers an array of local businesses, attractions and amenities for residents and visitors alike. Popular restaurants include J&M's Family Dining and Backstreet Grill, while top attractions like The Blueberry Hill Farm provide plenty of fun activities for all ages. Greensburg also has a variety of stores for shopping such as Terry's Shoe Store and Arnie’s Place Hardware Store. In terms of housing costs, the median 2 bedroom rent in Greensburg is $1070 - slightly below the U.S median at $1430. For grocery items there is a Grocery Cost Index score of 94 versus the national average of 100 - making it cheaper than most places across the nation to purchase groceries.

Greensburg (zip 47240) has an unemployment rate of 3.9%. The US average is 6.0%.

Greensburg (zip 47240) has seen the job market decrease by -8.2% 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 Greensburg (zip 47240)
- The Sales Tax Rate for Greensburg (zip 47240) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greensburg (zip 47240) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Greensburg (zip 47240)
- The average income of a Greensburg (zip 47240) resident is $30,495 a year. The US average is $37,638 a year.
- The Median household income of a Greensburg (zip 47240) resident is $65,208 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreensburg, 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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