Zip 47273 (Scipio, IN) Economy


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Scipio, Indiana, located in Jennings County, is a small town with a population of just over 470 people. Despite its size, Scipio offers residents an affordable cost of living with 2 bedroom rent costing $970 per month compared to the national average of $1,430. Groceries also cost less in the area as the grocery cost index in Scipio is 93 versus 100 in the US as a whole. \nLocal companies and amenities include The Flower Box Florist & Gifts where customers can purchase fresh-cut flowers and gifts for any occasion and Karos Country Kitchen for delicious homemade meals. Outdoor recreation opportunities abound at nearby Muscatatuck National Wildlife Refuge where visitors can explore hiking trails and observe diverse wildlife species or enjoy fishing on one of the refuge’s four lakes.

Scipio (zip 47273) has an unemployment rate of 5.0%. The US average is 6.0%.

Scipio (zip 47273) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Scipio (zip 47273)
- The Sales Tax Rate for Scipio (zip 47273) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Scipio (zip 47273) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Scipio (zip 47273)
- The average income of a Scipio (zip 47273) resident is $20,391 a year. The US average is $28,555 a year.
- The Median household income of a Scipio (zip 47273) resident is $79,615 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyScipio, IndianaUnited States
  56
  -4.8%-6.2%
  31.9%33.5%
  7.0%6.2%
  5.7%4.6%
  $32,367$37,638
  $79,615$69,021
  $88,375$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  4.8%6.8%
  38.6%10.0%
  0.0%2.5%
  14.8%11.0%
  2.7%4.8%
  0.0%0.8%
  0.0%1.9%
  3.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  2.8%4.2%
  9.2%9.3%
  15.5%14.0%
  0.5%2.1%
  0.5%7.0%
  1.3%4.8%
  6.3%4.7%
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