Farmersburg, IN is a great place to live. With a 2 bedroom rent costing just $820 per month, it’s one of the most affordable places in the country. The cost of living index is 90 compared to 100 in the US, which makes it even more attractive for those looking to save money. Local companies such as Farmersburg Hardware and Farmersburg Automotive provide ample employment opportunities for residents. With an abundance of outdoor activities nearby and a low cost of living, Farmersburg is an ideal place to call home.
Farmersburg has an unemployment rate of 5.0%. The US average is 6.0%.
Farmersburg has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Farmersburg
- The Sales Tax Rate for Farmersburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farmersburg is 3.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmersburg
- The average income of a Farmersburg resident is $21,141 a year. The US average is $28,555 a year.
- The Median household income of a Farmersburg resident is $54,464 a year. The US average is $69,021 a year.