The housing situation in Hope, IN (zip code 47246) is quite advantageous. According to recent data, the average cost of a two bedroom apartment in the area is $880 compared to the US average of $1,430. This makes for affordable living in an area with easy access to local amenities. Additionally, the grocery cost index in Hope is 93 versus 100 in the US, indicating that groceries are somewhat cheaper than other cities.
Local businesses such as Ace Hardware, Hometown Home Center and The Country Store provide residents with quality goods and services. Sources for this information include Rental Beast Inc., The Cost of Living Index by The Council For Community and Economic Research (C2ER) and United States Department of Agriculture (USDA).
Hope (zip 47246) has an unemployment rate of 3.8%. The US average is 6.0%.
Hope (zip 47246) has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Hope (zip 47246)
- The Sales Tax Rate for Hope (zip 47246) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hope (zip 47246) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hope (zip 47246)
- The average income of a Hope (zip 47246) resident is $20,755 a year. The US average is $28,555 a year.
- The Median household income of a Hope (zip 47246) resident is $75,313 a year. The US average is $69,021 a year.