The city of Indianapolis, IN with a zip code of 46221 is an attractive relocation spot for many due to its relatively low living costs. The 2 bedroom rent averages out at $1,060 compared to the US average of $1,430. Additionally, groceries are comparatively inexpensive with an index score of 93 versus 100 in the US.
The city offers diverse job prospects for both students and professionals alike. Popular companies located in Indianapolis include Eli Lilly Pharmaceuticals, Anthem Inc., and Salesforce Inc. Education is also a priority in the city as it hosts several prestigious universities such as Indiana University-Purdue University Indianapolis (IUPUI), Butler University, and Ball State University.
Indianapolis (zip 46221) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46221) has seen the job market decrease by -4.7% 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 46221)
- The Sales Tax Rate for Indianapolis (zip 46221) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46221) 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 46221)
- The average income of a Indianapolis (zip 46221) resident is $26,657 a year. The US average is $37,638 a year.
- The Median household income of a Indianapolis (zip 46221) resident is $55,639 a year. The US average is $69,021 a year.