Patoka, IN is an ideal place to live with a lower cost of living compared to other areas. The average rent for a two bedroom apartment in Patoka is $810 per month, while the US average rent for a two bedroom apartment is $1,430. The grocery cost index in Patoka is 88 versus 100 in the US, making it an affordable place to shop for groceries. Local companies include Patoka Grain Co., Paoli Lumber & Supply Co., and H&R Feed & Seed Supply LLC. With these local businesses providing essential goods and services, combined with the affordability of the area, Patoka is an attractive place to live.
Patoka has an unemployment rate of 3.4%. The US average is 6.0%.
Patoka has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Patoka
- The Sales Tax Rate for Patoka is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Patoka is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Patoka
- The average income of a Patoka resident is $19,769 a year. The US average is $28,555 a year.
- The Median household income of a Patoka resident is $38,816 a year. The US average is $69,021 a year.