Zip 46553 (New Paris, IN) Economy


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United States / Indiana / Elkhart-Goshen Metro Area / Elkhart County / No City / New Paris (zip 46553)
New Paris, IN, with a population of 4,6553 is an affordable place to live. The average 2 bedroom rent in New Paris is $950 compared to the US average of $1,430. Grocery costs are also more affordable here with a grocery cost index of 95 compared to 100 for the US. Companies in the area include B&T Home Design LLC, which offers home design products and services; BP Trucking & Bulk Solutions LLC, which provides trucking and bulk hauling services; and Hahn Electric Services Inc., which specializes in electrical repairs and installations.

New Paris (zip 46553) has an unemployment rate of 3.5%. The US average is 6.0%.

New Paris (zip 46553) 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 New Paris (zip 46553)
- The Sales Tax Rate for New Paris (zip 46553) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Paris (zip 46553) 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 New Paris (zip 46553)
- The average income of a New Paris (zip 46553) resident is $25,023 a year. The US average is $37,638 a year.
- The Median household income of a New Paris (zip 46553) resident is $77,277 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Paris, 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%
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