Terre Haute, IN is an attractive city for many due to its comparatively low cost of living. This city is a great option for renters looking for an affordable two bedroom apartment as the rent is $900 compared to the US average of $1,430. Grocery costs are also slightly lower in Terre Haute than the rest of the country, with a grocery cost index of 91 versus 100 in the US. The city also has plenty of attractions and well-known companies that residents and visitors can enjoy. Some examples include Clabber Girl Corporation, Rose-Hulman Institute of Technology, Indiana State University, and Fairbanks Park. All in all, Terre Haute offers an exceptional quality of life at a fraction of the cost one would find elsewhere.
Terre Haute has an unemployment rate of 6.0%. The US average is 6.0%.
Terre Haute has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Terre Haute
- The Sales Tax Rate for Terre Haute is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Terre Haute 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 Terre Haute
- The average income of a Terre Haute resident is $17,758 a year. The US average is $28,555 a year.
- The Median household income of a Terre Haute resident is $38,750 a year. The US average is $69,021 a year.