ZIP Code 46240

In ZIP code 46240, on Indianapolis's north side, households report a median income of $75,156, while per-capita income reaches $61,625. A median home value of $348,000 pairs with a county-level effective property tax rate of 0.91%, so annual property taxes land near $3,167 for a home at that value. Sales taxes combine to 7.00%, applying to most purchases. Taken together, earnings here sit above what the housing costs alone would demand, and the property rate stays below one percent — a combination that shapes the overall cost of living in this part of Indianapolis.