Burket, IN is a small town in the Midwest region of the United States. The cost of living is relatively low since 2 bedroom rent in Burket is $900 compared to the US average of $1,430. Grocery costs are also lower with the index at 90 compared to 100 in the US. Given this low cost of living, residents have more money to spend on other necessities or recreational activities. \nThe local businesses in Burket include Ricky's Auto Body Repair, The Market Groceries, and Allstar Athletic Supplies. Ricky's Auto Body Repair provides quality auto body repair services for residents who need them while The Market Groceries offers fresh produce and packaged goods for those looking to grocery shop locally. Allstar Athletic Supplies is a great place for anyone looking for sporting equipment or apparel within the community.
Burket has an unemployment rate of 3.7%. The US average is 6.0%.
Burket has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Burket
- The Sales Tax Rate for Burket is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Burket is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Burket
- The average income of a Burket resident is $16,429 a year. The US average is $28,555 a year.
- The Median household income of a Burket resident is $42,750 a year. The US average is $69,021 a year.