Fort Wayne, IN is a great place to live and work. It has a low cost of living compared to the national average, with two bedroom rent being about $960 versus the US average of $1,430. Additionally, groceries in Fort Wayne are also cheaper as their Grocery Cost Index is 91 versus the nation's index of 100. There are a number of large companies headquartered in Fort Wayne such as Do it Best Corp., Sweetwater Sound, Raytheon Technologies, and Steel Dynamics, Inc. In addition to these major employers, there are plenty of other businesses that call Fort Wayne home such as hospitals and restaurants. With its affordable living costs and access to quality jobs, Fort Wayne is an excellent destination for anyone looking for a new home or career.
Fort Wayne has an unemployment rate of 5.1%. The US average is 6.0%.
Fort Wayne has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Fort Wayne
- The Sales Tax Rate for Fort Wayne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Wayne is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Wayne
- The average income of a Fort Wayne resident is $23,607 a year. The US average is $28,555 a year.
- The Median household income of a Fort Wayne resident is $53,978 a year. The US average is $69,021 a year.