Indiana is ranked second among the best in the country for being a good state for drivers, with a low cost of ownership, decent traffic and reasonable safety. It's not surprising to learn that rural areas have decent traffic flow, but even the city of Indianapolis ranked among the top 10% of cities with the least traffic congestion. Indiana may be best known for its obsession with sports (and limestone), but what may not be in the public domain is that the Midwest state has one of the lowest costs of living in the United States. A dollar stretches far here, more than it would in 41 states.
In addition, the state has a strong economy that is about the size of Norway, according to the American Enterprise Institute. It is the 16th largest state economy in the United States and this, together with the sixth lowest unemployment rate in the nation, makes reading, or rather, living. If you're planning to move to the state or put down roots here, here are the 15 best places to live in Indiana. The city of more than 85,300 inhabitants is located in Hamilton County, less than 16 miles from the state capital, Indianapolis.
The state of Indiana has many advantages when compared to other states in the country. It is known for its strong economy and low tax burden. Additionally, it has a growing millennial and generation z population.
Indiana has a strong economy
Indiana is known for its diverse economy, which is one of the reasons why it is a great place to live. It has an economic base that includes automobiles, pharmaceuticals, electrical equipment and petroleum.
It also has a strong manufacturing industry. In fact, it is the largest steel-producing state in the U.S. The Calumet region of northwest Indiana accounts for nearly two-thirds of the nation's steel production.
Indianapolis has a lot to offer young professionals. There are professional sports franchises, numerous institutes of higher education and big city amenities. Plus, the low unemployment rate makes it a great place to live.
Fishers is a fast-growing suburb of Indianapolis. This small town is less than 20 miles from the capital, and it has some of the best public schools in the state.
Noblesville is another good place to live in Indiana. Home prices are affordable, and the community is extremely safe.
New Haven is a city located in northeastern Indiana. With strong job growth, the economy should continue to improve in the near future.
Indiana has a low cost of living
If you are looking for a low cost of living, you have come to the right place. The state of Indiana has a median cost of living that is one of the lowest in the nation.
According to the Bureau of Economic Analysis, the average Indiana household pays ten percent less than the national average. This is because the state has the lowest unemployment rate and healthcare costs.
A single adult living in Indiana can expect to spend around $32,843 per year. However, there are many places in the state where the cost of living is slightly higher than the national average.
In order to figure out the cost of living in Indiana, researchers at the Indiana Business Research Center, the Bureau of Economic Analysis and the U.S. Census Bureau took a closer look at the following categories: employment, crime, amenities, price range, quality of life, utilities, and transportation.
The cheapest place to live in Indiana is found in the city of Rushville. That is where a young adult can expect to pay between $300 and $370 per month.
Indiana has a low tax burden
There's a reason that Indiana is considered to be a "low tax state". That's because its tax burden is relatively low. Compared with neighboring states like Ohio, Kentucky, Michigan, Pennsylvania, and Wisconsin, a typical Indiana resident pays about 7 percent less in state and local taxes.
In 2017, Indiana's statewide income tax was flat, at 3.23%. The flat rate means that if you earn an income of $50,000, you will pay an estimated tax of $40. But that's not the only benefit to living in Indiana.
The state also offers a number of tax credits. If you donate money to a college or public school, you can get a credit of up to $100. For taxpayers over 65, the credit increases to $200. You may even be able to claim a tax deduction for your home's insulation installation.
However, the biggest driver of the overall tax burden is property taxes. Property taxes in Indiana vary widely from county to county. A homeowner in northeastern Indiana, for example, might pay about a third of their home's market value in annual property taxes.
Indiana has a growing millennial/generation z population
A growing number of Indiana residents belong to the millennial or generation Z demographic. They were born between 1995 and 2010.
This generation is characterized by being digitally savvy and socially concerned. Compared to Millennials, Gen Z'ers are more likely to know someone who prefers gender-neutral pronouns. Moreover, Gen Zers are more likely to think the earth is getting warmer due to human activity.
In contrast, Millennials are more likely to be immigrants or non-Hispanic whites. While many of these trends are true of both groups, Gen Z is much more diverse than any previous generation. For instance, nearly one in four Gen Zers are Hispanic.
Gen Zers also share a lot of views with Millennials. For example, the generation is equally likely to say blacks are treated less fairly in this country than whites.
When asked how they were planning to vote in the upcoming presidential election, nearly two-thirds of Gen Z voters said they were going to vote for a Democrat. However, nearly half of Gen Zers said they were likely to vote for Donald Trump.
Carmel residents are some of the most educated cities in this state, and more than 67% of them have a college degree. They also take their children to some of the best public schools in the country. With a population of just over 83,000, Fishers is located less than 20 miles from Indianapolis. The affluent community has some of the best public schools in the state, with safe neighborhoods where you can't hesitate to walk your children.
Munster is a city in Lake County that is located 15 miles west of the city of Gary. The dorm community is located in the Chicago metropolitan area, with approximately 30 miles separating it from the Chicago CBD, the Chicago Loop, in other words. The crime rate in Munster is far from attractive, but it's still well below the state average. Unfortunately, the area's unemployment rate is one of the highest in the state (7.6 percent).
If that could be solved, life around these parts might seem more optimistic than it already is. Truth be told, the crime rate in Plainfield could use a small improvement. However, other than that, the residents here have a lot to smile about. Plainfield has many trails that are ideal for biking and long walks.
It's especially popular with families who appreciate the lower cost of living and amenities for the whole family, though there are still plenty of professionals who live here. Crime and security don't seem to be a strong point in many cities and suburbs in Indiana, and it's the same case in Warsaw. If you're planning to start a business in Indiana, this is one of the few places to be. The 14,385 town based in Kosciusko County is among the 5 best places to start a business in the Hoosier State, according to Nerd Wallet.
Warsaw also has a strong healthcare industry. In fact, it is home to three major orthopedic companies: Biomet, Zimmer and DePuy, which is why it is proud to be the world capital of orthopedic manufacturing. West Lafayette is home to Purdue, one of the country's most prestigious public universities. Basically, that makes it a university town.
Its population is 44,000 inhabitants, and the presence of a university in the area means that people are a very diverse group. West Lafayette is a beautiful place, as anyone who has been to Purdue will admit. It has established a culture of kindness and courtesy, so any new face in the area should be seamlessly integrated. With a population of more than 257,000, Fort Wayne is the second largest city in the state of Indiana, and its metropolitan area is home to more than 415,000 people.
If you're looking for good schools and a very low crime rate in your ideal location, Fort Wayne isn't for you. Next on our list of the best places to live in Indiana is Batesville, a small town of 6,400 residents located in Ripley County. Plus, there's no shortage of incredible places to whet your appetite, as Bistro 310 is a local favorite. It became the center of public attention more than 10 years ago when it was listed as one of the 100 best places to live in the U.S.
UU. Both CNN and Money Magazine, and it's a party that the city strives to maintain to this day. When we include outstanding schools throughout the equation, it's easy to understand why families in particular flock to this beautiful city that is located just south of Munster. It is located near the Calumet shore of Lake Michigan, near Gary and Hammond.
The city is home to more than 23,200 people who enjoy an exceptionally safe environment. This is a suburb of Indianapolis that is located in Boone County and is called home by more than 25,000 people. It has some of the best performing public schools in the country, and when it comes to crime, you won't find a safer place in Indiana than Zionsville. Indianapolis has a decent entertainment scene.
With restaurants, bars, clubs and professional sporting events. In addition to being the capital of the state. Secondly, if you really want to move to Indy, but are afraid that you will move to a crime-ridden snake pit, sit down for a moment and dive into the statistics of the area in which you really want to live. With some of the best suburbs in the world, you can imagine that there are a lot of extremely safe places to live in Indy, with very low crime rates.
Areas with a higher population density, such as the city center, will always have higher crime rates, this applies to any major city. Take a look at the neighborhood you want to live in and even ask if you're still undecided. Better yet, give me a call, I know Indy like the back of my hand and I can help make sure he feels good about his new neighborhood and his new home. Indianapolis, or Indy, as it is affectionately known, is the capital of the state of Indiana and the most populous city in the state.
In terms of economy, Indianapolis is ranked 21st in the U.S. Department of State, due to its healthcare industry and a growing technology sector. Residents enjoy a good cost of living, which is 7.6 percent below the national average. However, Indianapolis is also considered one of the most dangerous cities in the United States because of violent crime.
Among the city's attractions is the fact that every May the world-famous Indy 500 motor race is held. Indianapolis also has plenty of green space to enjoy with the family. If you're on a couple's getaway, check out the iconic LOVE sculpture, which is one of the most romantic things to do in Indiana. .
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