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 increase by 1.1% 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 $23,066 a year. The US average is $28,555 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
  3.96
  -8.2%-6.2%
  35.6%33.5%
  7.0%6.2%
  5.6%4.6%
  $30,495$37,638
  $65,208$69,021
  $75,783$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  5.1%6.8%
  29.9%10.0%
  2.1%2.5%
  11.5%11.0%
  3.1%4.8%
  1.0%0.8%
  0.6%1.9%
  2.6%4.7%
  0.8%1.9%
  4.0%7.6%
  0.5%0.1%
  1.7%4.2%
  5.1%9.3%
  13.6%14.0%
  0.6%2.1%
  7.4%7.0%
  3.7%4.8%
  2.6%4.7%
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