47980 Reynolds, IN is an excellent place to live for anyone seeking a cost-effective living solution. Located in the beautiful state of Indiana, this city boasts an incredibly low 2 Bedroom rent rate of $870, which is far cheaper than the national average of $1,430. The cost of groceries here is also far more reasonable; the Grocery Cost Index in 47980 Reynolds is 91 compared to 100 in the US. This city has several popular local companies such as Wheeler Brothers Grain Co., Reelsville Feed Mill, and Green Valley Cooperative Incorporated and charming neighborhoods like Big Walnut Acres, Wolf Lake Estates, and Redwood Meadows Estates.
Reynolds (zip 47980) has an unemployment rate of 3.4%. The US average is 6.0%.
Reynolds (zip 47980) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Reynolds (zip 47980)
- The Sales Tax Rate for Reynolds (zip 47980) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Reynolds (zip 47980) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Reynolds (zip 47980)
- The average income of a Reynolds (zip 47980) resident is $31,772 a year. The US average is $37,638 a year.
- The Median household income of a Reynolds (zip 47980) resident is $53,750 a year. The US average is $69,021 a year.