Marion, IN is a great city for those who are looking to save on living expenses. The rent for a two-bedroom apartment is almost half the national average at $780 per month. Additionally, there is a lower grocery cost index in Marion than in the United States as a whole with an index of 90 versus 100 in the US.
Marion is home to many local companies such as Walmart, Precision Strip, and Rieth-Riley Construction Company. There are also many job opportunities available due to its close proximity to Indianapolis. Marion offers plenty of education options from public schools such as Marion Community Schools, private schools like Indiana Wesleyan University, and technical colleges like Ivy Tech Community College. It is also close to several universities including Ball State University and Indiana University-Purdue University Indianapolis.
Marion has an unemployment rate of 5.5%. The US average is 6.0%.
Marion has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Marion
- The Sales Tax Rate for Marion is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marion is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Marion
- The average income of a Marion resident is $18,479 a year. The US average is $28,555 a year.
- The Median household income of a Marion resident is $37,835 a year. The US average is $69,021 a year.