Scotland, IN is a small town located in Johnson County. It has a population of roughly 6,000 people and is a great place to call home due to the low cost of living and friendly atmosphere. 2 Bedroom Rent in Scotland is significantly lower than the US average at $840 compared to $1,430. The Grocery Cost Index for Scotland is also much less, coming in at 90 compared to 100 in the US. Businesses like McDonalds, Dollar General, and Big Red Liquors are popular local companies that contribute to the economy of Scotland. Overall, living in Scotland can be quite affordable with its low rent prices and grocery costs.
Scotland has an unemployment rate of 4.9%. The US average is 6.0%.
Scotland 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 Scotland
- The Sales Tax Rate for Scotland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Scotland 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 Scotland
- The average income of a Scotland resident is $24,182 a year. The US average is $28,555 a year.
- The Median household income of a Scotland resident is $59,750 a year. The US average is $69,021 a year.