Otterbein, IN is a small town located in Indiana. The living cost in Otterbein is much lower than the US average, with a two-bedroom rent of $990 compared to $1,430 in the US and Grocery Cost Index of 92 versus 100 in the US. Some local businesses in Otterbein are B&B Communications Inc., which provides phone and internet services for the area, Heartland Cookers BBQ & Catering which serves delicious barbeque meals, and Trendz Gift Shop that offers unique gift items. Otterbein is a great place to live with its low cost of living and its friendly community atmosphere.
Otterbein has an unemployment rate of 3.9%. The US average is 6.0%.
Otterbein has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Otterbein
- The Sales Tax Rate for Otterbein is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Otterbein 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 Otterbein
- The average income of a Otterbein resident is $19,022 a year. The US average is $28,555 a year.
- The Median household income of a Otterbein resident is $55,966 a year. The US average is $69,021 a year.