Muncie, IN is a popular city located in eastern Indiana. It is known for its vibrant community and abundance of local businesses. Some of the major companies in the area include Belden Inc., First Merchants Bank, and Indiana State University. The cost of living in Muncie is generally lower than the national average. Rent for 2-bedroom apartments averages $880 per month, which is significantly less than the national average of $1,430. Additionally, grocery costs are approximately 91 versus 100 on a national scale. Overall, Muncie is an affordable city with plenty to do and many great job opportunities.
Muncie has an unemployment rate of 5.5%. The US average is 6.0%.
Muncie has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Muncie
- The Sales Tax Rate for Muncie is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Muncie is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Muncie
- The average income of a Muncie resident is $16,986 a year. The US average is $28,555 a year.
- The Median household income of a Muncie resident is $36,661 a year. The US average is $69,021 a year.