Muncie, Indiana (Zip Code 47305) is a great place to live with a relaxed atmosphere and plenty of amenities without breaking the bank. The average two-bedroom rent in Muncie is $840, which is significantly less than the US average of $1,430. In addition to low rent prices, other living expenses such as groceries are also cheaper in Muncie with a Grocery Cost Index of 90 compared to 100 in the US.
Major companies located in Muncie include CTS Corporation, Gaylor Electric Inc., Mutual First Federal Credit Union, and American Specialty Glass Inc. With these large companies calling Muncie home, residents can benefit from employment opportunities while still enjoying a low cost of living. Overall, Muncie provides an excellent quality of life for its inhabitants with affordable housing costs and many job opportunities.
Muncie (zip 47305) has an unemployment rate of 5.5%. The US average is 6.0%.
Muncie (zip 47305) 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Muncie (zip 47305)
- The Sales Tax Rate for Muncie (zip 47305) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Muncie (zip 47305) 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 47305)
- The average income of a Muncie (zip 47305) resident is $22,199 a year. The US average is $37,638 a year.
- The Median household income of a Muncie (zip 47305) resident is $26,052 a year. The US average is $69,021 a year.