South Bend, Indiana (46616) has a lot to offer for potential renters and newcomers. The average 2 bedroom rent is $1,150, which is much less than the national average of $1,430. Additionally, the grocery cost index in South Bend is 89%, versus 100% in the US overall. This can be beneficial to residents who are looking to save money on their living expenses.
The city of South Bend offers numerous job opportunities with local companies such as Honeywell Aerospace, Memorial Hospital of South Bend, and Indiana University Health-South Bend Campus. There are also many other employers located in the area including AM General LLC., Press Ganey Associates Inc., South Bend Community School Corporation, and St Joseph Regional Medical Center. With so many options for employment available in this area, individuals seeking new jobs or career changes have plenty of resources for assistance.
South Bend (zip 46616) has an unemployment rate of 6.9%. The US average is 6.0%.
South Bend (zip 46616) has seen the job market decrease by -8.3% 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 46616)
- The Sales Tax Rate for South Bend (zip 46616) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for South Bend (zip 46616) 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 46616)
- The average income of a South Bend (zip 46616) resident is $26,757 a year. The US average is $37,638 a year.
- The Median household income of a South Bend (zip 46616) resident is $47,923 a year. The US average is $69,021 a year.