Zip 47302 (Muncie, IN) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Indiana / Muncie Metro Area / Delaware County / No City / Muncie (zip 47302)
Muncie, Indiana (47302) is an excellent place to call home. It has a population of 70,085 people and is located in Delaware County. The average two bedroom rent in Muncie is $850 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Muncie is 89 compared to 100 for the United States providing an even greater savings opportunity for residents. There are many local employers that make the Muncie area a great place to work such as Ball State University (BSU), Federal Mogul Motorparts, Red Gold Tomatoes, S&S Lumber Company and Community Hospital Anderson. With its affordable housing and employment opportunities, 47302 Muncie is a great place to live.

Muncie (zip 47302) has an unemployment rate of 5.0%. The US average is 6.0%.

Muncie (zip 47302) 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 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Muncie (zip 47302)
- The Sales Tax Rate for Muncie (zip 47302) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Muncie (zip 47302) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Muncie (zip 47302)
- The average income of a Muncie (zip 47302) resident is $22,809 a year. The US average is $37,638 a year.
- The Median household income of a Muncie (zip 47302) resident is $40,693 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMuncie, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.