2024 Aspire Community Snapshot Booklet WebLinks - Flipbook - Page 9
DOING BUSINESS IN INDIANA
Indiana has been known for its business-friendly climate and
Johnson County policymakers have built on this free market
philosophy. Despite nationwide in昀氀ation, Johnson County remains
a low-tax environment for employers to do business and compared
to other nearby major U.S. cities, Indianapolis has maintained a
relatively low cost of living which translates to higher standards of
living for consumers, residents, and workers.
2023 JOHNSON COUNTY
MEDIAN PROPERTY TAX RATE
COST OF LIVING
COMPARISONS BY CITY
City
Composite
Grocery
Housing
Transportation
Indianapolis, IN
92.8
99.7
81.5
95.5
Nashville, TN
99.3
99.8
108.2
91.7
Denver, CO
110.7
102.9
132.2
104
Columbus, OH
91.5
102.3
84.2
89.4
Detroit, MI
102.9
102.4
107.5
100.5
Kansas City, MO
94
95.1
96.7
87.4
Austin, TX
99.7
95.7
111.8
89
Cincinnati, OH
97.1
101.7
84.3
105.4
Source: StatsIndiana
INDIANA’S COMPETITIVE TAX
CLIMATE INCLUDES:
• No Inventory Tax
• No Manufacturing Equipment Tax
• No Inheritance Tax
• 1-3% Capped Property Taxes
• Indiana Manufacturing Readiness Grant Program – Funds are
available to qualifying Indiana Manufacturers willing to make capital
investments to integrate smart technologies and processes that
improve capacity, productivity and competitiveness.
Source: Conexus Indiana
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