South Haven, IN Economy


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\nSouth Haven, Indiana is a vibrant community located in Northwest Indiana. This diverse community has a rich history of industry and commerce and offers locals plenty of amenities to help make life easier. South Haven boasts a wide range of local businesses including restaurants, retail establishments, health care providers, and small businesses. It also features an impressive array of recreational activities such as festivals, farmers markets, golf courses, hiking trails, and bike paths. The cost of living in South Haven is slightly below the national average with a two-bedroom rent averaging around $1,080 compared to the US average of $1,430. Grocery costs are also lower than the US index average at 97 versus 100. With its great businesses and affordable cost of living, South Haven is a great place for people who want to live comfortably without breaking their budget.

South Haven has an unemployment rate of 5.3%. The US average is 6.0%.

South Haven has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for South Haven
- The Sales Tax Rate for South Haven is 7.0%. The US average is 7.3%.
- The Income Tax Rate for South Haven 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 South Haven
- The average income of a South Haven resident is $21,886 a year. The US average is $28,555 a year.
- The Median household income of a South Haven resident is $59,271 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Haven, IndianaUnited States
  5.36
  -7.1%-6.2%
  31.1%33.5%
  7.0%6.2%
  3.7%4.6%
  $33,745$37,638
  $59,271$69,021
  $63,355$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  15.6%6.8%
  11.0%10.0%
  2.5%2.5%
  15.7%11.0%
  6.1%4.8%
  0.0%0.8%
  0.8%1.9%
  2.4%4.7%
  0.2%1.9%
  3.7%7.6%
  0.0%0.1%
  2.3%4.2%
  4.3%9.3%
  13.6%14.0%
  0.8%2.1%
  12.4%7.0%
  5.2%4.8%
  3.1%4.7%
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