Indianapolis, IN is a vibrant city in the US with a population of around 863,000 people. It's known for its sporting events like the NCAA Men's Basketball Final Four and the Indy 500. The 2 bedroom rent in Indianapolis is $1,460 which is slightly more expensive than the US average of $1,430. Grocery costs in Indianapolis are slightly lower than the US average index of 100, with an index of 98.
Indianapolis has numerous large companies that operate within its borders. Companies such as Anthem Blue Cross Blue Shield, Eli Lilly & Co., Salesforce and Rolls-Royce Corporation have major offices based in Indianapolis. These companies contribute significantly to the local economy by providing employment to many Indianapolis residents.
In addition to its business activities, Indianapolis is home to several unique neighborhoods each with their own personality and charm. Broad Ripple Village on the north side is known for its nightlife while Fletcher Place on the south side is home to trendy restaurants and shops. Downtown Indy has flourished in recent years as its become an urban hotspot filled with art galleries, fine dining establishments, and music venues. Overall, Indianapolis has something for everyone from business professionals to culture seekers alike.
Indianapolis (zip 46259) has an unemployment rate of 5.6%. The US average is 6.0%.
Indianapolis (zip 46259) 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 46259)
- The Sales Tax Rate for Indianapolis (zip 46259) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indianapolis (zip 46259) 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 46259)
- The average income of a Indianapolis (zip 46259) resident is $32,978 a year. The US average is $28,555 a year.
- The Median household income of a Indianapolis (zip 46259) resident is $116,150 a year. The US average is $69,021 a year.