The small town of Needham, IN (zip code 46162) is known for its cost-effective living and proximity to nearby towns. With a two bedroom rent at $1,080, it's significantly lower than the US rate of $1,430. Along with this more affordable rent, Needham also has a Grocery Cost Index of 94 versus 100 in the US, making it relatively cheaper to shop for groceries in comparison. Local businesses such as Ruppert's Market and A+ Lawn Care & Landscaping provide quality goods and services at comparable prices which make life in Needham an even more attractive prospect. All these factors together make Needham an ideal place to be for those looking to live comfortably without breaking the bank.
Needham (zip 46162) has an unemployment rate of 3.6%. The US average is 6.0%.
Needham (zip 46162) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Needham (zip 46162)
- The Sales Tax Rate for Needham (zip 46162) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Needham (zip 46162) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Needham (zip 46162)
- The average income of a Needham (zip 46162) resident is $18,167 a year. The US average is $28,555 a year.
- The Median household income of a Needham (zip 46162) resident is $73,528 a year. The US average is $69,021 a year.