Glenwood, IN — income, home value, property tax, and sales tax.
In ZIP code 47024, which takes in Glenwood, households earn a median of $57,316 a year, or $26,398 per person. A median home here is valued at $153,300, and the county's 0.59% effective property tax rate works out to a comparatively small annual bill on that price. Sales taxes add 7.00% at the register, so day-to-day purchases carry a bit more cost. Together, the income level, home prices, and these two rates sketch a place where wages and housing costs sit fairly close together, and neither tax stands out as especially heavy.
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