Zip 47373 (Redkey, IN) Economy


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United States / Indiana / No Metro Area / Jay County / No City / Redkey (zip 47373)
equestId":"f25a9827-c4da-4f6c-9cdc-848b5d695fe9","resource":"content","data":[{"id":"txt_5cd75890e0dd401fa6afc91191d26792","text":" and explain the 2 Bedroom Rent cost\nRedkey, IN is a small rural town located in Jay County with an estimated population of 1,300 people. Originally founded in 1851 by David Redkey, the town has since grown into a quaint community that boasts many small businesses. Shopping options in Redkey include a local grocery store, several convenience stores, and a selection of restaurants. The median rent for two bedroom apartments is $750 per month which is significantly lower than the US average rent of $1,430 per month. Grocery cost index in Redkey is 91 compared to 100 nationwide. Living in Redkey provides residents with access to local businesses and affordable rent prices which make it an ideal place to live in.

Redkey (zip 47373) has an unemployment rate of 3.9%. The US average is 6.0%.

Redkey (zip 47373) has seen the job market decrease by -0.7% 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 Redkey (zip 47373)
- The Sales Tax Rate for Redkey (zip 47373) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Redkey (zip 47373) 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 Redkey (zip 47373)
- The average income of a Redkey (zip 47373) resident is $20,628 a year. The US average is $28,555 a year.
- The Median household income of a Redkey (zip 47373) resident is $48,733 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedkey, IndianaUnited States
  3.96
  -10.1%-6.2%
  22.2%33.5%
  7.0%6.2%
  5.7%4.6%
  $23,268$37,638
  $48,733$69,021
  $65,231$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  8.0%6.8%
  27.9%10.0%
  0.8%2.5%
  9.5%11.0%
  5.2%4.8%
  0.0%0.8%
  0.0%1.9%
  0.8%4.7%
  1.0%1.9%
  3.2%7.6%
  3.2%0.1%
  3.5%4.2%
  2.2%9.3%
  15.8%14.0%
  0.0%2.1%
  9.5%7.0%
  4.2%4.8%
  2.7%4.7%
Health