Claypool, IN is a small town located in Indiana. It has a friendly atmosphere and a strong sense of community with local businesses like Claypool Hardware, Claypool Meats, and Claypool Pharmacy. The cost of living in Claypool is significantly lower than the US average. The median rent for 2-bedroom apartments in Claypool is $910, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Claypool is 91 versus 100 in the US. This means that grocery items are nearly 10% cheaper on average compared to items purchased elsewhere in the US.
Claypool has an unemployment rate of 3.7%. The US average is 6.0%.
Claypool 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 Claypool
- The Sales Tax Rate for Claypool is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Claypool 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 Claypool
- The average income of a Claypool resident is $18,366 a year. The US average is $28,555 a year.
- The Median household income of a Claypool resident is $45,625 a year. The US average is $69,021 a year.