Valparaiso, IN is a small town located in Porter County. It has a population of 46385 people, making it one of the more populous towns in Indiana. The average cost to rent a two-bedroom apartment is $1130, which is significantly lower than the US rental rate of $1430. This makes Valparaiso an attractive option for those looking for affordable living close to major cities like Chicago.
Valproiso is home to many local businesses such as Kouts Corner Store, Robert J. Fizek Law Office, Baird Brothers Sawmill Inc., and Barmore Sellers & Ingram LLC. There are also many restaurants, shops, and entertainment venues here that make Valpo a great place to live and work. The difference between the US rental rate of $1430 versus Valparaiso's two-bedroom rent of $1130 can be attributed to its smaller size and population compared to other larger cities in the U.S.
Valparaiso (zip 46385) has an unemployment rate of 5.3%. The US average is 6.0%.
Valparaiso (zip 46385) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Valparaiso (zip 46385)
- The Sales Tax Rate for Valparaiso (zip 46385) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Valparaiso (zip 46385) is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Valparaiso (zip 46385)
- The average income of a Valparaiso (zip 46385) resident is $31,802 a year. The US average is $28,555 a year.
- The Median household income of a Valparaiso (zip 46385) resident is $90,562 a year. The US average is $69,021 a year.