Garrett, IN is a small city located in DeKalb County with a population of 4,408 according to the 2019 US Census. The city is home to several local businesses such as Garrett Auto Parts and Pifer’s Do-it Center. It also features plenty of outdoor activities for its citizens, such as fishing in nearby Campbell Lake or camping in the Garrett City Park.
The cost of living in Garrett is relatively low compared to the national average. The median rent for a 2 bedroom apartment is $830 whereas the US median rent for a 2 bedroom apartment is $1,430. The Grocery Cost Index in Garrett stands at 91 while the US index stands at 100 making groceries slightly cheaper in Garrett than elsewhere.
Garrett has an unemployment rate of 3.7%. The US average is 6.0%.
Garrett has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Garrett
- The Sales Tax Rate for Garrett is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Garrett is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Garrett
- The average income of a Garrett resident is $26,019 a year. The US average is $37,638 a year.
- The Median household income of a Garrett resident is $56,386 a year. The US average is $69,021 a year.