Wolcott, IN is a small town located in Indiana. The rent for a two bedroom apartment is about $1000 per month, which is substantially lower than the US average of $1430. The cost of living index in Wolcott is 92 which is also lower than that of the US (100). Despite this lower cost of living, Wolcott has some great local businesses such as Pizza Hut and Dollar General. In terms of weather, Wolcott has hot summers with temperatures often reaching 90 degrees Fahrenheit and cold winters with temperatures often reaching below 0 degrees Fahrenheit. All in all, Wolcott offers a low-cost lifestyle with plenty of opportunities to explore local businesses and enjoy all four seasons.
Wolcott has an unemployment rate of 3.4%. The US average is 6.0%.
Wolcott has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Wolcott
- The Sales Tax Rate for Wolcott is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wolcott is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wolcott
- The average income of a Wolcott resident is $21,923 a year. The US average is $28,555 a year.
- The Median household income of a Wolcott resident is $65,179 a year. The US average is $69,021 a year.