Owensburg, IN is a great place to live with a low cost of living relative to similar cities in the US. The average two bedroom rent in Owensburg is $910 compared to the US average of $1,430 which is a great deal. Additionally, the Grocery Cost Index is 92 compared to 100 in the US making groceries another affordable option for residents. There are plenty of local businesses to enjoy such as Snowy Pines Vet Clinic, Star Print Services, and Countryside Auto Repair. All of these help make Owensburg an ideal destination for those looking for reasonable housing and good businesses.
Owensburg has an unemployment rate of 4.9%. The US average is 6.0%.
Owensburg has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Owensburg
- The Sales Tax Rate for Owensburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Owensburg 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 Owensburg
- The average income of a Owensburg resident is $17,054 a year. The US average is $28,555 a year.
- The Median household income of a Owensburg resident is $34,688 a year. The US average is $69,021 a year.