La Paz, IN Economy


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La Paz, IN is a small city located in southern Indiana. It has a population of 658 people and is known for its rich culture and hospitality. The rent for two-bedroom apartments is incredibly affordable, especially when compared to the US average which sits at $1,430. The cost of groceries in La Paz is also relatively low with an index score of 91 versus the US index of 100.
La Paz is home to several great companies including R & H Machine Company, Ryan's Auto Care, and La Paz Automotive. R & H Machine Company builds custom parts for a variety of industries ranging from agriculture to aerospace while Ryan's Auto Care provides comprehensive auto repair services and La Paz Automotive repairs cars and trucks as well as offering sales and rentals.

La Paz has an unemployment rate of 4.0%. The US average is 6.0%.

La Paz has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.

Tax Rates for La Paz
- The Sales Tax Rate for La Paz is 7.0%. The US average is 7.3%.
- The Income Tax Rate for La Paz 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 La Paz
- The average income of a La Paz resident is $17,012 a year. The US average is $28,555 a year.
- The Median household income of a La Paz resident is $65,299 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLa Paz, IndianaUnited States
  46
  -6.2%-6.2%
  21.9%33.5%
  7.0%6.2%
  4.5%4.6%
  $24,658$37,638
  $65,299$69,021
  $66,522$85,028
  Population by Occupation
  1.8%1.2%
  1.5%0.5%
  5.8%6.8%
  25.8%10.0%
  2.5%2.5%
  23.9%11.0%
  4.3%4.8%
  0.0%0.8%
  0.3%1.9%
  12.3%4.7%
  0.6%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  4.0%9.3%
  9.8%14.0%
  1.5%2.1%
  2.8%7.0%
  0.0%4.8%
  3.1%4.7%
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