ZIP Code 46407

ZIP code 46407, in Gary, sits in working-class territory: a median household income of $28,526 and per-capita income of $23,147 fall well below statewide norms, while the median home value of $60,200 reflects a housing stock priced for tight budgets. Property taxes run at a county-level effective rate of 0.92%, so a home at that median value carries roughly $554 in annual tax. Add a combined sales tax rate of 7.00%, and everyday purchases take a noticeable bite from already stretched earnings.