The Indianapolis, IN zip code of 46203 offers an average 2 bedroom rent of $980. This is significantly lower than the US average, which is currently at $1,430. Grocery cost index in the area is 92 versus 100 in the US, indicating that groceries are cheaper than elsewhere in the country. This makes living affordable for families and singles alike. Indianapolis has many great local companies, such as Eli Lilly and Co., Cummins Inc., Indiana University Health, and Anthem Inc. These companies offer excellent job opportunities to residents of 46203. The lower cost of living also makes this area attractive to those looking for a more budget-friendly atmosphere than other parts of the country.
Indianapolis (zip 46203) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46203) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Indianapolis (zip 46203)
- The Sales Tax Rate for Indianapolis (zip 46203) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46203) is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Indianapolis (zip 46203)
- The average income of a Indianapolis (zip 46203) resident is $15,591 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46203) resident is $44,356 a year. The US average is $69,021 a year.