Muncie, Indiana, with a population of 47,303, is an affordable place to live for families and individuals alike. The median rent for two-bedroom apartments is $850, while the national average for two bedroom rent costs $1,430. Furthermore, grocery costs are much lower than the US average; with a Grocery Cost Index of 91 compared to 100 nationally. In Muncie there are several well known employers including: Cintas Corporation, Target Stores Inc., Liberty Mutual Insurance Group and Ball State University. There are also many small businesses owned by local entrepreneurs that provide goods and services to the community. Muncie is a great place to live with plenty of job opportunities as well as affordable housing prices.
Muncie (zip 47303) has an unemployment rate of 5.0%. The US average is 6.0%.
Muncie (zip 47303) 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 47303)
- The Sales Tax Rate for Muncie (zip 47303) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Muncie (zip 47303) 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 47303)
- The average income of a Muncie (zip 47303) resident is $22,854 a year. The US average is $37,638 a year.
- The Median household income of a Muncie (zip 47303) resident is $35,973 a year. The US average is $69,021 a year.