North Vernon, IN is a small town located in the southeastern part of the state. It is home to a variety of local businesses such as KFC, Subway, Taco Bell, Walmart Supercenter, CVS Pharmacy and many more. The cost of living in North Vernon is relatively low compared to other parts of the state. Average rent for a two-bedroom apartment is $860 while that same apartment costs an average of $1,430 across the US. Additionally, grocery cost index in North Vernon stands at 93 versus 100 in the US. This makes it an ideal place for people looking to save money on their everyday expenses.
North Vernon has an unemployment rate of 5.0%. The US average is 6.0%.
North Vernon has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for North Vernon
- The Sales Tax Rate for North Vernon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for North Vernon is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for North Vernon
- The average income of a North Vernon resident is $19,229 a year. The US average is $28,555 a year.
- The Median household income of a North Vernon resident is $51,303 a year. The US average is $69,021 a year.