Nappanee, Indiana, a small city in Elkhart County, has an estimated population of around 5,500 people. The cost of living in Nappanee is lower than the national average. A two-bedroom apartment costs on average $960 compared to $1,430 nationally. Moreover, the Grocery Cost Index is 93 versus 100 in the US.
Local businesses in Nappanee include Spohn's Furniture and Appliances, which offers everyday low prices on furniture and appliances like microwaves, TVs, couches and beds; Nappanee Meats & Smoke House where you can buy fresh meats and smoked specialties at reasonable prices; The Lehman Greenhouse & Garden Center for all your garden needs; as well as the local stores owned by Bontrager Family Shoes. All these local businesses provide goods at competitive prices due to the lower cost of living in Nappanee.
Nappanee (zip 46550) has an unemployment rate of 3.5%. The US average is 6.0%.
Nappanee (zip 46550) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 53.7%, which is higher than the US average of 33.5%.
Tax Rates for Nappanee (zip 46550)
- The Sales Tax Rate for Nappanee (zip 46550) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Nappanee (zip 46550) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Nappanee (zip 46550)
- The average income of a Nappanee (zip 46550) resident is $28,956 a year. The US average is $37,638 a year.
- The Median household income of a Nappanee (zip 46550) resident is $71,531 a year. The US average is $69,021 a year.