Zip 47166 (Ramsey, IN) Economy


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47166 Ramsey, IN is a small town located in Decatur County with a population of 551 people. Located near the Ohio River, this rural community is known for its scenic views and excellent farming opportunities. Residents enjoy the convenience of nearby cities such as Greensburg and Bedford while still having access to local businesses such as Bob's Garage and Decatur Lumber Supply. In addition to local amenities like St Joe State Park that offer hiking trails and swimming seasonal activities, 47166 Ramsey also has inexpensive housing options. The average rent for a two-bedroom apartment is $970 which is much lower than the US average of $1,430. Grocery Costs Index in 47166 Ramsey is 96 versus 100 on the US average making it a great place for individuals or families looking for an affordable place to live.

Ramsey (zip 47166) has an unemployment rate of 3.8%. The US average is 6.0%.

Ramsey (zip 47166) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.

Tax Rates for Ramsey (zip 47166)
- The Sales Tax Rate for Ramsey (zip 47166) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ramsey (zip 47166) 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 Ramsey (zip 47166)
- The average income of a Ramsey (zip 47166) resident is $30,947 a year. The US average is $37,638 a year.
- The Median household income of a Ramsey (zip 47166) resident is $67,768 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRamsey, IndianaUnited States
  3.86
  -6.0%-6.2%
  36.2%33.5%
  7.0%6.2%
  4.2%4.6%
  $30,947$37,638
  $67,768$69,021
  $93,125$85,028
  Population by Occupation
  0.0%1.2%
  7.0%0.5%
  7.3%6.8%
  15.2%10.0%
  2.2%2.5%
  6.4%11.0%
  8.8%4.8%
  0.0%0.8%
  0.0%1.9%
  10.1%4.7%
  0.0%1.9%
  12.1%7.6%
  0.0%0.1%
  0.0%4.2%
  5.9%9.3%
  9.9%14.0%
  0.0%2.1%
  6.1%7.0%
  3.5%4.8%
  5.4%4.7%
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