South Bend, Indiana, located in zip code 46601, has an average 2 bedroom rent of $950 and a grocery cost index of 89. The city is home to many successful companies such as AM General which produces military vehicles and parts, and Martin's Supermarkets which operate over 30 stores throughout the area. Additionally, the city is also home to several universities such as the University of Notre Dame, St. Mary's College, and Indiana University South Bend. These educational institutions provide a strong foundation for a variety of industries including healthcare, education, biotechnology, finance and insurance. All in all South Bend offers great opportunities for residents with low living expenses and a vibrant business climate.
South Bend (zip 46601) has an unemployment rate of 6.9%. The US average is 6.0%.
South Bend (zip 46601) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for South Bend (zip 46601)
- The Sales Tax Rate for South Bend (zip 46601) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for South Bend (zip 46601) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for South Bend (zip 46601)
- The average income of a South Bend (zip 46601) resident is $12,873 a year. The US average is $28,555 a year.
- The Median household income of a South Bend (zip 46601) resident is $26,699 a year. The US average is $69,021 a year.