Boonville, IN is an affordable place to live with a low cost of living compared to other places in the US. The average rent for a two-bedroom apartment is $880, while in the US it is $1,430. Additionally, the grocery cost index in Boonville, IN is 92 versus 100 nationally. There are numerous local businesses that call Boonville home like Deaconess Health System, Countrymark Cooperative and several manufacturing companies like Whirlpool Corporation and Fritsch Manufacturing Company. Overall, Boonville offers a lower cost of living than most places in the United States making it an attractive option for those looking for an affordable place to live.
Boonville has an unemployment rate of 3.7%. The US average is 6.0%.
Boonville has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Boonville
- The Sales Tax Rate for Boonville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boonville is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Boonville
- The average income of a Boonville resident is $22,248 a year. The US average is $28,555 a year.
- The Median household income of a Boonville resident is $54,174 a year. The US average is $69,021 a year.