47978 Rensselaer in Indiana is an ideal place for anyone looking for affordable living. With a two-bedroom rent of just $930 and a grocery cost index of 92, it makes it one of the most cost effective places to live in the United States. In comparison to the US two bedroom rental rate of $1,430, this city offers great savings when it comes to housing.
The city has many local businesses that make it such a wonderful place to call home. There is the Three Rivers Federal Credit Union, which provides financial services for residents, as well as the Rensselaer Family Pharmacy and The Pizza Shop - both offering essential goods and services. Also located in town is Luella's Bar & Grill, known for its friendly atmosphere and delicious food. As you can see, there are plenty of places to shop and eat near 47978 Rensselaer.
Rensselaer (zip 47978) has an unemployment rate of 5.0%. The US average is 6.0%.
Rensselaer (zip 47978) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Rensselaer (zip 47978)
- The Sales Tax Rate for Rensselaer (zip 47978) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rensselaer (zip 47978) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rensselaer (zip 47978)
- The average income of a Rensselaer (zip 47978) resident is $27,639 a year. The US average is $37,638 a year.
- The Median household income of a Rensselaer (zip 47978) resident is $60,522 a year. The US average is $69,021 a year.