Simonton Lake, IN is a small town located on the shores of Simonton Lake. The cost of living in Simonton Lake is relatively low compared to US averages. The rent for a two bedroom apartment is $1,080 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Simonton Lake is 93 as opposed to 100 in the US. This makes groceries more affordable in Simonton Lake than in many other places throughout the country. \nThe town of Simonton Lake also has some great local businesses that are worth considering if you choose to move here. These include stores like Family Video and Save-A-Lot grocery store for any convenience needs. For dining out there are popular spots like Jims Grill & Barbeque or Maniaci's Italian Restaurant that serve delicious and affordable meals. With its low cost of living and great local businesses, Simonton Lake can be an excellent place to call home for those looking for a rural area with all the comforts of city life at their fingertips.
Simonton Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Simonton Lake has seen the job market increase by 5.2% over the last year. Future job growth over the next ten years is predicted to be 53.7%, which is higher than the US average of 33.5%.
Tax Rates for Simonton Lake
- The Sales Tax Rate for Simonton Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Simonton Lake is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Simonton Lake
- The average income of a Simonton Lake resident is $28,125 a year. The US average is $28,555 a year.
- The Median household income of a Simonton Lake resident is $63,125 a year. The US average is $69,021 a year.