Thorntown, IN is a small town with a population of about 1,500 people. It is located in Boone County and offers many opportunities for those looking to move to this area. The cost of living in Thorntown is quite affordable with the median rent for 2 bedroom apartment being only $970 per month – significantly lower than the United States average of $1,430. Additionally, the Grocery Cost Index in Thorntown is 95 versus 100 in the US.
Thorntown is home to several local companies such as Thorntown Feed & Grain, Thorntown Building Supply, Countryside Veterinary Services and more that provide services to the local community. Its close proximity to larger cities like Indianapolis makes it an attractive destination for those looking for affordable housing options while still having access to big city amenities. With its low cost of living and wide range of businesses, Thorntown provides visitors a great value without sacrificing quality or convenience.
Thorntown has an unemployment rate of 3.1%. The US average is 6.0%.
Thorntown has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 41.9%, which is higher than the US average of 33.5%.
Tax Rates for Thorntown
- The Sales Tax Rate for Thorntown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Thorntown 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 Thorntown
- The average income of a Thorntown resident is $20,785 a year. The US average is $28,555 a year.
- The Median household income of a Thorntown resident is $55,809 a year. The US average is $69,021 a year.