47862 Montezuma, IN is a great place to live for those looking for an affordable lifestyle. The average 2 bedroom rent in the area is $890 compared to the US average of $1,430, making it much more affordable than other areas. Additionally, the grocery cost index in the area is 89 versus 100 in the US, providing even more affordability to locals. There are plenty of local businesses that offer a variety of services and products such as Slabaugh Lumber Co., Inc., B & B Electric Service Inc., and Hoosier Ag Services just to name a few. All these businesses make 47862 Montezuma the perfect place to settle down and live an affordable life.
Montezuma (zip 47862) has an unemployment rate of 4.3%. The US average is 6.0%.
Montezuma (zip 47862) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Montezuma (zip 47862)
- The Sales Tax Rate for Montezuma (zip 47862) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montezuma (zip 47862) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montezuma (zip 47862)
- The average income of a Montezuma (zip 47862) resident is $20,808 a year. The US average is $28,555 a year.
- The Median household income of a Montezuma (zip 47862) resident is $48,029 a year. The US average is $69,021 a year.