Wolcottville, IN is a great place to call home. Apart from the low 2 Bedroom Rent of $830 which is significantly less than the US average of $1,430, groceries are also much more affordable here with a Grocery Cost Index of 95 compared to 100 in the US. The town has several local companies that contribute to its unique economy and culture, including Hartzell Manufacturing Inc., Wolcottville Lumber Co., and D&L Auto Repair. In addition, there is an abundance of outdoor activities for everyone to enjoy such as fishing, boating, hiking, and camping in the many parks found in the area.
Wolcottville has an unemployment rate of 4.2%. The US average is 6.0%.
Wolcottville has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Wolcottville
- The Sales Tax Rate for Wolcottville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wolcottville is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wolcottville
- The average income of a Wolcottville resident is $18,388 a year. The US average is $28,555 a year.
- The Median household income of a Wolcottville resident is $55,625 a year. The US average is $69,021 a year.