Gary, Indiana is a city located in Lake County, and it is known for its diverse culture and thriving businesses. With an estimated population of 79,834 as of 2019, Gary offers a variety of opportunities for those looking to work or invest in the city. With rent prices averaging at $920 for a two-bedroom apartment in Gary versus the United States average of $1,430, there's no wonder why many people choose to live here. Additionally, the Grocery Cost Index in Gary is 91 compared to 100 in the US which makes living in Gary more affordable than other cities.
Gary is home to various notable companies such as Steel Dynamics Inc., United States Steel Corporation and Majestic Star Casino & Hotel. It also has several universities and colleges such as Indiana University Northwest, Purdue University Northwest and Ivy Tech Community College of Indiana, making it a great place for students to further their education. All these reasons make Gary an attractive destination for people who want to live in an area with lower costs of living but still enjoy the amenities that come with larger cities like job opportunities and access to quality schools.
Gary has an unemployment rate of 13.0%. The US average is 6.0%.
Gary 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 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Gary
- The Sales Tax Rate for Gary is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gary is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gary
- The average income of a Gary resident is $15,983 a year. The US average is $28,555 a year.
- The Median household income of a Gary resident is $34,085 a year. The US average is $69,021 a year.