Laurel, IN (Zip code 47024) is an affordable place to live with a 2 bedroom rent of $910 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Laurel is 94 versus 100 in the US. There are many local companies operating in Laurel such as Joseph E. Rippe & Son Garage Inc., Liberty Tax Service, and Norwood Landscaping that provide goods and services to residents.
Laurel (zip 47024) has an unemployment rate of 4.1%. The US average is 6.0%.
Laurel (zip 47024) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Laurel (zip 47024)
- The Sales Tax Rate for Laurel (zip 47024) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel (zip 47024) 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 Laurel (zip 47024)
- The average income of a Laurel (zip 47024) resident is $25,413 a year. The US average is $37,638 a year.
- The Median household income of a Laurel (zip 47024) resident is $52,821 a year. The US average is $69,021 a year.