Indianapolis, IN — income, home value, property tax, and sales tax.
In ZIP code 46161, near Indianapolis, homes carry a median value of $220,600, and the county-level property tax rate of 0.67% translates to roughly $1,478 in annual taxes on such a home. With median household income at $78,603 and per-capita income at $35,586, that tax bill takes up a smaller share of earnings than in many places. A 7.00% combined sales tax applies to purchases. Home values here sit well below what the same income could support in higher-cost markets, which keeps ownership within reach for households earning around the median.
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