Lagro, IN is a small town located in northern Indiana with a population of just over 2,500. It has a thriving business community with local companies that offer everything from auto repair and furniture stores to restaurants and banks. The town's amenities also include two parks for outdoor enjoyment, a tennis court and swimming pool for recreational activities, as well as a library and museum. The cost of living in Lagro is much lower than the national average; 2 bedroom rent averages $850 while US 2 bedroom rent averages $1,430. Additionally, the Grocery Cost Index in Lagro is 92 compared to 100 across the US. All of these factors make Lagro an attractive place to live for those looking for an affordable lifestyle without sacrificing amenities or quality of life.
Lagro has an unemployment rate of 3.8%. The US average is 6.0%.
Lagro has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lagro
- The Sales Tax Rate for Lagro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lagro is 6.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lagro
- The average income of a Lagro resident is $12,772 a year. The US average is $28,555 a year.
- The Median household income of a Lagro resident is $46,000 a year. The US average is $69,021 a year.