Walton, IN is a small town with a population of about 500 people. It offers its residents an affordable cost of living, as well as a variety of local businesses. The 2 bedroom rent in Walton is only $820 per month compared to the US average of $1,430. Additionally, the grocery cost index in this town is 92 when compared to the US average of 100. Local businesses include Gable's Feed & Hardware Store which is a family owned business that has been running for over 30 years, as well as Nancie’s Upholstery & Draperies which provides upholstery services for furniture and window treatments. Walton also has its own newspaper called The Walton Weekly with print issues dating back to 1937. Overall, Walton provides affordability and quality local services for its residents.
Walton has an unemployment rate of 4.4%. The US average is 6.0%.
Walton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Walton
- The Sales Tax Rate for Walton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Walton is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Walton
- The average income of a Walton resident is $20,692 a year. The US average is $28,555 a year.
- The Median household income of a Walton resident is $46,964 a year. The US average is $69,021 a year.