The city of Indianapolis, Indiana (46241) is a great place to live for many reasons. It is an affordable city with an average two-bedroom rental price of $980 versus the US average of $1,430. Additionally, living costs in Indianapolis are reasonable, as the grocery cost index there is 91 versus 100 in the US. This makes it a perfect city to call home!
Indianapolis remains one of the most livable cities in the United States and is known as the “Crossroads of America” due to its well-connected highways. It also boasts a vibrant nightlife with restaurants, bars, music venues, and sports teams like the Indianapolis Colts and Pacers. The city has many big companies such as Lilly Pharmaceuticals, ITT Technical Institute, Rolls Royce Corporation North America, and Cummins Incorporated that employ people throughout the metro area. Moreover, Indianapolis offers plenty of attractions such as the world's largest children's museum and Monument Circle downtown. All these reasons make Indianapolis a great place to live!
Indianapolis (zip 46241) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46241) 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 46241)
- The Sales Tax Rate for Indianapolis (zip 46241) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46241) 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 46241)
- The average income of a Indianapolis (zip 46241) resident is $19,696 a year. The US average is $37,638 a year.
- The Median household income of a Indianapolis (zip 46241) resident is $44,543 a year. The US average is $69,021 a year.