A new study ranks Hamilton County on a list of best places in the state where individuals can grow their short-term savings.
The study, completed by financial technology company SmartAsset, ranked Hamilton County first on the top 10 list, announced May 31. The study analyzed data on savings account rates, household income, living expenses and taxes to determine where savings could be maximized over a one-year period.
To see the full study, methodology and an interactive map, visit smartasset.com/checking-account/savings-calculator#indiana.
|
Rank |
County |
Median Income |
Short-term Savings Interest Earned |
Short-term Savings Return Rate |
Long-term Savings Interest Earned |
Long-term Savings Return Rate |
Short-term Savings Interest Earned Index |
|
1 |
Hamilton |
$90,582 |
$97 |
0.11% |
$5,164 |
5.70% |
37.77 |
|
2 |
Newton |
$52,193 |
$52 |
0.10% |
$1,340 |
2.57% |
20.46 |
|
3 |
Posey |
$60,992 |
$50 |
0.08% |
$3,680 |
6.03% |
19.41 |
|
4 |
Tipton |
$53,931 |
$46 |
0.08% |
$2,957 |
5.48% |
17.88 |
|
5 |
Wabash |
$49,052 |
$45 |
0.09% |
$1,673 |
3.41% |
17.77 |
|
6 |
Hendricks |
$74,245 |
$40 |
0.05% |
$2,960 |
3.99% |
15.57 |
|
7 |
Scott |
$49,243 |
$38 |
0.08% |
$576 |
1.17% |
14.77 |
|
8 |
Franklin |
$55,588 |
$36 |
0.07% |
$2,757 |
4.96% |
14.13 |
|
9 |
Pulaski |
$47,633 |
$35 |
0.07% |
$1,118 |
2.35% |
13.65 |
|
10 |
Saint Joseph |
$48,121 |
$34 |
0.07% |
$1,074 |
2.23% |
13.36 |
