Mount Ayr, IN is a small city located in the eastern part of Indiana. It is known for its low cost of living and relaxed lifestyle. The average 2 bedroom rent in Mount Ayr is $820 which is much lower than the national average of $1,430. Moreover, the Grocery Cost Index in Mount Ayr stands at 89 compared to 100 for the US on average. This makes it an ideal place to live for those looking for an affordable and laid-back lifestyle. There are a variety of local companies in Mount Ayr like Olney's Auto Repair, Baker's Tax Service, Loeffler Electric & Plumbing Inc., and Woodside Veterinary Clinic that cater to different services needs.
Mount Ayr has an unemployment rate of 5.0%. The US average is 6.0%.
Mount Ayr has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Ayr
- The Sales Tax Rate for Mount Ayr is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Ayr is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Ayr
- The average income of a Mount Ayr resident is $19,112 a year. The US average is $28,555 a year.
- The Median household income of a Mount Ayr resident is $46,250 a year. The US average is $69,021 a year.