Kokomo, IN is a city in Howard County with a population of just over 57,000 people. It's known as the City of Firsts for its many accomplishments in automotive technology. The two bedroom rent in Kokomo is $830, which is considerably lower than the US average of $1,430, making it an affordable option for many people. The grocery cost index in Kokomo is 91 compared to 100 for the entire country - another great reason to consider living here! Popular employers include Chrysler LLC, Downtown Automotive Group, and IU Health Kokomo. There are plenty of other local businesses to explore in this vibrant community including restaurants, shops, entertainment venues, and more. Whether you're looking to settle down or just visit, Kokomo has something for everyone!
Kokomo (zip 46901) has an unemployment rate of 6.0%. The US average is 6.0%.
Kokomo (zip 46901) has seen the job market increase by 4.9% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Kokomo (zip 46901)
- The Sales Tax Rate for Kokomo (zip 46901) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kokomo (zip 46901) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kokomo (zip 46901)
- The average income of a Kokomo (zip 46901) resident is $21,354 a year. The US average is $28,555 a year.
- The Median household income of a Kokomo (zip 46901) resident is $55,466 a year. The US average is $69,021 a year.