Montmorenci, IN is a small town with a population of approximately 200 people. The cost of living in Montmorenci is lower than the US average, with 2 bedroom rent being $1,130 compared to the US average of $1,430. Grocery costs are also lower at 97 index points versus 100 for the US. There are several local companies such as Big John's Auto Shop and Mandy's Bakery that help to support the community. In general, Montmorenci is an affordable place to live with low costs of living and plenty of amenities.
Montmorenci has an unemployment rate of 4.1%. The US average is 6.0%.
Montmorenci has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Montmorenci
- The Sales Tax Rate for Montmorenci is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montmorenci is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Montmorenci
- The average income of a Montmorenci resident is $34,827 a year. The US average is $28,555 a year.
- The Median household income of a Montmorenci resident is $60,179 a year. The US average is $69,021 a year.