Universal, Indiana is a small town located in the State of Indiana. The population of the city is approximately 47884 people. Rent rates for two-bedroom apartments are lower than the US average, at $820, while grocery costs are slightly higher at 87 compared to 100 in the US. There are many local businesses in Universal, Indiana that contribute to the town’s economy and culture such as Gaymon’s Grocery Store, Harvey’s Hardware Store, and Universal Automotive Repair. These businesses serve locals with their everyday needs and provide potential job opportunities to the community.
Universal (zip 47884) has an unemployment rate of 5.7%. The US average is 6.0%.
Universal (zip 47884) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Universal (zip 47884)
- The Sales Tax Rate for Universal (zip 47884) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Universal (zip 47884) is 3.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Universal (zip 47884)
- The average income of a Universal (zip 47884) resident is $25,352 a year. The US average is $37,638 a year.
- The Median household income of a Universal (zip 47884) resident is $65,200 a year. The US average is $69,021 a year.