Marshall, IN is a small city offering an affordable lifestyle for those looking to rent or buy. The average two-bedroom rent in Marshall is around $1,220 which is significantly lower than the US average of $1,430. Aside from this advantage, Marshall also has a lower Grocery Cost Index compared to the national average; it stands at 91 versus 100 in the US.
Marshall's economy is largely driven by local companies such as Paperless Parts Inc. which produces 3D parts technology. Another major employer in town is HF Tire & Auto which offers automotive services throughout the region. These businesses have helped shape the city of Marshall by providing employment opportunities and contributing to its growth over time.
Marshall has an unemployment rate of 4.3%. The US average is 6.0%.
Marshall has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Marshall
- The Sales Tax Rate for Marshall is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marshall 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 Marshall
- The average income of a Marshall resident is $26,472 a year. The US average is $37,638 a year.
- The Median household income of a Marshall resident is $29,648 a year. The US average is $69,021 a year.