Michigan City, IN 46360 is a vibrant community situated on Lake Michigan’s southern shore. It offers an excellent quality of life with an abundance of recreational activities, cultural attractions, and friendly people. The two-bedroom rental price in this area is $960 per month on average, which is significantly lower than the national average of $1,430. Groceries are also more affordable here as the Grocery Cost Index for 46360 is 92 compared to 100 in the United States.
In terms of local companies, there are plenty to choose from including Hoosier Tank & Manufacturing Co., Lubeznik Center for the Arts, Katzman Produce Company Inc., Burns Harbor Steel Corporation, and many others. These businesses provide employment opportunities to residents while contributing to the city’s economy.
Overall, living in 46360 Michigan City is a great choice as it offers a high quality of life at a relatively affordable cost of living. With its thriving local businesses and convenient location on Lake Michigan’s shoreline, it’s no wonder why so many people have chosen to call this place home.
Michigan City (zip 46360) has an unemployment rate of 8.2%. The US average is 6.0%.
Michigan City (zip 46360) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Michigan City (zip 46360)
- The Sales Tax Rate for Michigan City (zip 46360) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Michigan City (zip 46360) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Michigan City (zip 46360)
- The average income of a Michigan City (zip 46360) resident is $27,375 a year. The US average is $37,638 a year.
- The Median household income of a Michigan City (zip 46360) resident is $52,026 a year. The US average is $69,021 a year.