Wabash, IN is a small town located in the state of Indiana with a population of around 10,500 people. It is known for its low cost of living, affordable housing and attractive grocery costs. A two bedroom rental in Wabash is around $840 compared to the US average of $1,430. The Grocery Cost Index in Wabash also stands at 92 versus 100 for the US as a whole.
The city has many local businesses such as Jo-Ann Fabric & Craft Stores and Ace Hardware. There are also plenty of attractions such as the Honeywell Center where visitors can enjoy live music events and performances. Other popular attractions include Paradise Spring Historical Park which features historic buildings and monuments from the 19th century, and Marine’s Memorial Park which offers recreational activities such as fishing and canoeing on the Wabash River.
Wabash has an unemployment rate of 3.8%. The US average is 6.0%.
Wabash has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Wabash
- The Sales Tax Rate for Wabash is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wabash is 6.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wabash
- The average income of a Wabash resident is $21,280 a year. The US average is $28,555 a year.
- The Median household income of a Wabash resident is $47,132 a year. The US average is $69,021 a year.