Zip 46763 (Laotto, IN) Economy


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United States / Indiana / Kendallville Metro Area / Noble County / No City / Laotto (zip 46763)
46763 Laotto, IN is a great place to live for those looking for an enjoyable lifestyle at an affordable cost. The 2 Bedroom rent in Laotto is $960, which is significantly lower than the US average of $1,430. Grocery costs are also substantially lower than the rest of the nation; with a grocery cost index of 94 versus 100 in the US. Living in Laotto means access to various local companies and amenities such as Fox Lake Gardens and Nursery, T & T Automotive, Stop 11 Auto Care, and Laotto Pizza. There is plenty to do in the area; from golfing at Noble Hawk Golf Links to eating at Hop River Brewing Co or playing mini golf at Lakeside Mini Golf, everyone can find something fun for them!

Laotto (zip 46763) has an unemployment rate of 4.2%. The US average is 6.0%.

Laotto (zip 46763) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.

Tax Rates for Laotto (zip 46763)
- The Sales Tax Rate for Laotto (zip 46763) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laotto (zip 46763) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Laotto (zip 46763)
- The average income of a Laotto (zip 46763) resident is $28,331 a year. The US average is $28,555 a year.
- The Median household income of a Laotto (zip 46763) resident is $60,982 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaotto, IndianaUnited States
  4.26
  -9.6%-6.2%
  26.4%33.5%
  7.0%6.2%
  5.0%4.6%
  $33,877$37,638
  $60,982$69,021
  $88,750$85,028
  Population by Occupation
  4.8%1.2%
  0.0%0.5%
  10.1%6.8%
  24.8%10.0%
  0.0%2.5%
  3.9%11.0%
  10.2%4.8%
  0.0%0.8%
  4.5%1.9%
  0.0%4.7%
  5.0%1.9%
  6.5%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  15.6%14.0%
  0.0%2.1%
  5.0%7.0%
  9.8%4.8%
  0.0%4.7%
Health