Lamar, Indiana is a small rural town of approximately 47550 people. It is located in the Tippecanoe County and is known for its many local businesses. The two bedroom rent for this area is $830 - significantly lower than the US average of $1430. Grocery costs are also cheaper here with a grocery cost index of 93 compared to 100 in the US. There are plenty of local companies to explore in Lamar, such as Forker Auto Sales, Canal Park Animal Hospital, Crop Production Services, and more. These companies offer a wide range of services from auto repair to veterinary care and agricultural support. If you're looking for an affordable place to live with plenty of local businesses to explore, Lamar may be the perfect fit for you!
Lamar (zip 47550) has an unemployment rate of 4.3%. The US average is 6.0%.
Lamar (zip 47550) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Lamar (zip 47550)
- The Sales Tax Rate for Lamar (zip 47550) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lamar (zip 47550) is 4.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lamar (zip 47550)
- The average income of a Lamar (zip 47550) resident is $29,896 a year. The US average is $28,555 a year.
- The Median household income of a Lamar (zip 47550) resident is $68,571 a year. The US average is $69,021 a year.