Farmland, IN — income, home value, property tax, and sales tax.
In ZIP code 47394, which takes in Farmland, households bring in a median income of $59,913, or $31,623 per person. A home valued at $111,300 carries county property taxes near 0.79%, roughly $880 a year, a light pull against that paycheck. Sales tax runs 7.00% on purchases, so everyday spending trims income gradually. With housing costs this contained, a larger share of earnings stays free for food, transportation, and savings, though the sales rate still shapes daily choices.
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