47616 Griffin, IN is a small town located in St. Joseph County with a population of just under 4,000 people. The cost of living here is very affordable compared to other towns in the area, as 2 bedroom rent is only $870 compared to $1,430 nationwide. Grocery costs are also well below average at 88 on the grocery cost index versus 100 in the US.
As far as local companies go, there are many options available for those who live in this area. The top employers include Beacon Health Systems, Indiana University South Bend Medical Center, and various smaller companies such as Niles Tool & Die and Skiview Glassworks. All of these businesses provide plenty of employment opportunities for residents of 47616 Griffin IN and have helped make the cost of living more affordable for everyone who calls this place home.
Griffin (zip 47616) has an unemployment rate of 3.6%. The US average is 6.0%.
Griffin (zip 47616) has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Griffin (zip 47616)
- The Sales Tax Rate for Griffin (zip 47616) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Griffin (zip 47616) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Griffin (zip 47616)
- The average income of a Griffin (zip 47616) resident is $23,105 a year. The US average is $37,638 a year.
- The Median household income of a Griffin (zip 47616) resident is $0 a year. The US average is $69,021 a year.