Indiana State is a great place to live with its affordable rent and cost of living. The average 2 bedroom rent in Indiana State is only $980, compared to the US average of $1,430, making it an attractive option for those on a budget. Additionally, the Grocery Cost Index in Indiana State sits at 93 versus 100 in the US, so it’s easy to save money when stocking your kitchen. There are numerous job opportunities available in Indiana State as well. Industries like technology, manufacturing, healthcare, and finance are especially prevalent here. Local companies such as Cummins and Eli Lilly offer great work experiences for professionals looking for rewarding jobs near home. All these factors make Indiana State an ideal place to call home.
Indiana has an unemployment rate of 4.7%. The US average is 6.0%.
Indiana has seen the job market increase by 1.9% 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 Indiana
- The Sales Tax Rate for Indiana is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Indiana 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 Indiana
- The average income of a Indiana resident is $24,953 a year. The US average is $28,555 a year.
- The Median household income of a Indiana resident is $61,944 a year. The US average is $69,021 a year.