Zip 47351 (Kennard, IN) Economy


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47351 Kennard, IN is a great place to live with plenty of activities for residents to enjoy. The average two bedroom rental here is $860, which is lower than the US average of $1,430. Additionally, the grocery cost index in the area is 91 versus 100 in the US. This provides families with even more value for their money when considering a move to this area.
The town offers many local businesses and amenities such as Kennedy's Hardware Inc., which sells home improvement supplies and building materials, as well as K&K Grocery Store and Tenderfoot Veterinary Clinic for all your daily needs. There are also nearby parks like Beech Creek Park where you can take a leisurely stroll or have a picnic with family and friends. Kennard offers an excellent quality of life at an affordable price that makes it a desirable place to live.

Kennard (zip 47351) has an unemployment rate of 4.3%. The US average is 6.0%.

Kennard (zip 47351) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.

Tax Rates for Kennard (zip 47351)
- The Sales Tax Rate for Kennard (zip 47351) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kennard (zip 47351) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Kennard (zip 47351)
- The average income of a Kennard (zip 47351) resident is $13,446 a year. The US average is $28,555 a year.
- The Median household income of a Kennard (zip 47351) resident is $54,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKennard, IndianaUnited States
  4.36
  -4.9%-6.2%
  35.5%33.5%
  7.0%6.2%
  4.7%4.6%
  $17,799$37,638
  $54,375$69,021
  $54,688$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  14.8%6.8%
  12.7%10.0%
  7.2%2.5%
  6.4%11.0%
  0.8%4.8%
  1.3%0.8%
  0.8%1.9%
  3.0%4.7%
  0.4%1.9%
  2.5%7.6%
  0.0%0.1%
  5.9%4.2%
  3.0%9.3%
  20.8%14.0%
  0.0%2.1%
  6.4%7.0%
  6.8%4.8%
  3.8%4.7%
Health