Trafalgar, IN is a small city located in Central Indiana. It is home to several local companies such as Trafalgar Auto Parts, Trafalgar Lawn Care, and Trafalgar Book Store. This city offers a lower cost of living than the national average which can be seen in its 2 Bedroom Rent index of $1,150 whereas the rest of the United States averages at $1,430. Another cost of living metric that is lower than the national average is Grocery Cost Index with 97 versus 100 in the US.
Trafalgar has an unemployment rate of 3.6%. The US average is 6.0%.
Trafalgar has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Trafalgar
- The Sales Tax Rate for Trafalgar is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Trafalgar 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 Trafalgar
- The average income of a Trafalgar resident is $22,335 a year. The US average is $28,555 a year.
- The Median household income of a Trafalgar resident is $74,271 a year. The US average is $69,021 a year.