Zip 47634 (Richland, IN) Economy


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United States / Indiana / No Metro Area / Spencer County / No City / Richland (zip 47634)
Richland, Indiana is a small town located in St. Joseph County with a population of 47634. It is known for its friendly community and relatively low cost of living. The median rent for a two bedroom apartment in Richland is $800 compared to $1,430 nationally, making it much more affordable than many other places. The Grocery Cost Index here is 91 while the US average is 100, making groceries reasonably priced as well.
Richland offers plenty of local amenities such as the Richland Public Library, Brookside Park, and the Richland Community Center where residents can relax or take part in recreational activities like swimming and tennis lessons. There are also several local eateries like China Garden Restaurant and Hall’s Pizza Palace that serve up delicious food at reasonable prices. Additionally, Richland Shopping Center has all the essentials from clothing stores to home goods. With all these great options available, it's easy to see why Richland is such an attractive place to live!

Richland (zip 47634) has an unemployment rate of 4.3%. The US average is 6.0%.

Richland (zip 47634) 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 26.2%, which is lower than the US average of 33.5%.

Tax Rates for Richland (zip 47634)
- The Sales Tax Rate for Richland (zip 47634) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richland (zip 47634) is 4.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Richland (zip 47634)
- The average income of a Richland (zip 47634) resident is $25,530 a year. The US average is $37,638 a year.
- The Median household income of a Richland (zip 47634) resident is $52,788 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRichland, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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