Kokomo, Indiana (46902) is a vibrant mid-sized city that offers affordable living with the amenities of larger cities. With a 2 bedroom rent of $850, it is much lower than the US average of $1,430. This makes it an attractive option for those looking to save money on housing costs. The area also offers a variety of local stores and restaurants to choose from. Notable places include Market District Supermarkets, Fresh Thyme Farmers Markets and Big Red Liquors. Additionally, the Grocery Cost Index in Kokomo (92) is below the US national average (100), making grocery costs in the area more affordable than other parts of the country.
Kokomo (zip 46902) has an unemployment rate of 6.7%. The US average is 6.0%.
Kokomo (zip 46902) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 33.5%.
Tax Rates for Kokomo (zip 46902)
- The Sales Tax Rate for Kokomo (zip 46902) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kokomo (zip 46902) 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 46902)
- The average income of a Kokomo (zip 46902) resident is $30,822 a year. The US average is $37,638 a year.
- The Median household income of a Kokomo (zip 46902) resident is $56,731 a year. The US average is $69,021 a year.