Columbus, IN is a great place to live with its low cost of living. The average rent for a two bedroom apartment is $1,070, which is much lower than the national average of $1,430. Not only is the rent cheap, but the grocery cost index in Columbus is also lower than that of the US at 95 versus 100. It's no wonder so many people choose to call this vibrant city home. Columbus offers plenty of great amenities and local companies to take advantage of such as Cummins Inc., which has been based here since 1919, providing jobs to thousands of residents. There's an abundance of parks and outdoor activities perfect for those who love spending time outdoors, and there are plenty of delicious restaurants and shops to explore throughout the city.
Columbus has an unemployment rate of 3.8%. The US average is 6.0%.
Columbus has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Columbus
- The Sales Tax Rate for Columbus is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Columbus is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbus
- The average income of a Columbus resident is $29,396 a year. The US average is $28,555 a year.
- The Median household income of a Columbus resident is $72,380 a year. The US average is $69,021 a year.