The city of Indianapolis, IN has an average 2-bedroom rent of $1,220 which is slightly lower than the national average of $1,430. The cost of living in Indianapolis is generally lower than the rest of the United States as evidenced by its Grocery Cost Index score of 95 versus a score of 100 for the US average. Companies such as Kroger and Fresh Thyme Farmer's Market offer competitive prices on groceries to residents of Indianapolis. Overall, Indianapolis offers a lower cost of living due to its cheaper rent and grocery costs compared to the national average.
Indianapolis (zip 46217) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46217) 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 46217)
- The Sales Tax Rate for Indianapolis (zip 46217) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46217) 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 46217)
- The average income of a Indianapolis (zip 46217) resident is $28,456 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46217) resident is $75,602 a year. The US average is $69,021 a year.