Howard County · Indiana · Midwest · 59k residents
Kokomo, IN: economy, jobs & business costs
The site-selection read on Kokomo: labor costs, talent, corporate tax, energy, and business activity, with the Indiana median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,222/wk. Indiana's corporate income tax rate is 4.9%. Commercial electricity averages 12.4¢/kWh.
Compare Kokomo side by side
Avg. weekly wage
$1,222/wk
Corporate income tax
4.9%
Bachelor's degree or higher
18.1%
Commercial electricity
12.4¢/kWh
Economic momentum
How fast Kokomo's economy is moving, ranked against the US cities we track.
8/100
Cooling
Ranks Kokomo's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $137,400 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.83% |
| 1-bedroom rent | $690/mo |
| 2-bedroom rent | $945/mo |
| State & local income tax | 4.75% |
| Sales tax | 7% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,222/wk |
| Bachelor's degree or higher | 18.1% |
| Commercial electricity | 12.4¢/kWh |
| Businesses per 1k residents | 23.2/1k |
| Wage: Software developer | $132,390 |
| Wage: Registered nurse | $83,370 |
| Wage: General manager | $97,930 |
| Wage: Customer service | $38,380 |
| Wage: Warehouse worker | $33,050 |
| Wage: Heavy truck driver | $58,370 |
| Wage: Electrician | $91,290 |
| Wage: Retail salesperson | $31,580 |
| Cost of living index | 76 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $60/mo |
| Gas price | $3.20/gal |
| Healthcare index | 95 |
| Childcare (per child) | $900/mo |
| Median household income | $55,360 |
| Unemployment rate | 3.6% |
| Population | 59k |
| Crime index | 45/100 |
| School rating | 5.8/10 |
| Walkability | 34/100 |
| Disaster risk | 64/100 |
| Avg. commute | 24 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 17°F |
| Annual snowfall | 34 in |
| Home price YoY | +5.4% |
| Home price MoM | +0.2% |
| Rent YoY | +3.6% |
| Rent MoM | +0.9% |
| Employment (jobs) YoY | -2.7% |
| Building permits YoY | -49.1% |
| Ocean coast | 601 mi |
| Big lake | 93 mi |
| Mountains | 319 mi |
| Major airport | 54 mi |
| Ski resort | 114 mi |
Popular comparisons
Nearby
- Logansport, IN · 18k
- Frankfort, IN · 16k
- Marion, IN · 28k
- Westfield, IN · 55k
- Noblesville, IN · 73k
Similar size
- Terre Haute, IN · 58k
- Anderson, IN · 55k
- Elkhart, IN · 54k
- Muncie, IN · 65k
- Greenwood, IN · 66k
Real listings in Kokomo
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Kokomo a good place to run a business?
- Indiana's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,222/wk; commercial electricity averages 12.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Kokomo, IN?
- Kokomo indexes at 76 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $945/mo and a acs median home value of $137,400.
- How much does a house cost in Kokomo?
- The acs median home value in Kokomo is $137,400 (Census ACS estimate; individual listings vary).
- How much is rent in Kokomo?
- A two-bedroom in Kokomo rents for about $945/mo.