Homecroft, IN is a small town located in Marion County. It is a beautiful and friendly community with a population of approximately 4,000 people. Homecroft is known for its affordable housing options. The average rent for a two bedroom apartment in the area is $1,010 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Homecroft is 94 compared to 100 in the US. The local economy revolves around several small businesses including Grocery Mart, Homecroft Hardware, and Ace Pharmacy. Tourists often come to Homecroft to enjoy outdoor activities like hiking at White River State Park and fishing on Eagle Creek Reservoir.
Homecroft has an unemployment rate of 5.6%. The US average is 6.0%.
Homecroft has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Homecroft
- The Sales Tax Rate for Homecroft is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Homecroft is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Homecroft
- The average income of a Homecroft resident is $31,982 a year. The US average is $28,555 a year.
- The Median household income of a Homecroft resident is $84,583 a year. The US average is $69,021 a year.