The small city of Portland, IN (Zip Code 47371) is an affordable place to live for those looking for a lower cost of living. The average two bedroom rent in Portland is $800 compared to the national average of $1,430 making it more than 40% cheaper than the US average. Grocery costs are also significantly lower at 92 on the grocery cost index compared to 100 nationally. There are a number of great local companies in 47371 such as Magna Powertrain, Jayco Corporation and Huish Detergents Inc which contribute to the local economy. All together this makes 47371 Portland IN an attractive option over other nearby cities for those looking for an affordable place to live.
Portland (zip 47371) has an unemployment rate of 3.9%. The US average is 6.0%.
Portland (zip 47371) has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Portland (zip 47371)
- The Sales Tax Rate for Portland (zip 47371) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 47371) is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Portland (zip 47371)
- The average income of a Portland (zip 47371) resident is $28,905 a year. The US average is $37,638 a year.
- The Median household income of a Portland (zip 47371) resident is $51,630 a year. The US average is $69,021 a year.