Anderson, IN is a vibrant city with a large community of people looking for affordable rental options and reasonable living costs. On average two-bedroom apartments in Anderson rent for $910 per month, which is significantly lower than the US national two-bedroom rent average of $1,430. The grocery cost index in Anderson is 91 versus 100 in the US; this indicates that groceries are about 9% cheaper in Anderson than the national average. Moreover, Anderson is home to some well-known companies like Community Health Network, General Motors Components Holdings LLC, Navient Corporation, and other great organizations. All these factors make Anderson an attractive place to live and work.
Anderson has an unemployment rate of 6.8%. The US average is 6.0%.
Anderson has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Anderson
- The Sales Tax Rate for Anderson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Anderson is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Anderson
- The average income of a Anderson resident is $18,366 a year. The US average is $28,555 a year.
- The Median household income of a Anderson resident is $40,632 a year. The US average is $69,021 a year.