Wallace, IN is a small town located in the midwest. It offers residents an affordable cost of living while still being close to larger cities. The average 2 bedroom rent in Wallace is $810 compared to $1,430 nationally. Additionally, grocery prices in this town are 8% lower than the national average, making it a much more economical choice for families looking to save money on their monthly bills.
Wallace has many businesses that aim to provide residents with quality products and services and help maintain economic stability. Some of these companies include Wallace Dry Cleaners, Continental Coffee & Bakery, Kelly's Automotive Services, Chris's Home Improvements, and Tom's Grocery Store. Each one offers something unique that contributes positively to the economy and gives potential customers the opportunity to support local businesses.
In conclusion, living in Wallace can be a great option for anyone on a budget or looking for an affordable place to live without compromising on quality of life. The local businesses provide not only goods and services but also hope for long-term economic stability.
Wallace has an unemployment rate of 4.2%. The US average is 6.0%.
Wallace has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Wallace
- The Sales Tax Rate for Wallace is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wallace is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wallace
- The average income of a Wallace resident is $14,983 a year. The US average is $28,555 a year.
- The Median household income of a Wallace resident is $59,844 a year. The US average is $69,021 a year.