Muncie, IL is a city in the midwest with a small population. The cost of living is very affordable, as two bedroom rent is $950 compared to the US average of $1,430. Grocery costs are significantly lower than the national average too, with an index of 90 versus 100. Major employers in Muncie include Ball State University, IU Health Ball Memorial Hospital and Borg Warner. There are many cultural attractions and outdoor activities available as well. All these qualities make Muncie an attractive place for those looking for a more affordable lifestyle and great job opportunities.
Muncie has an unemployment rate of 6.9%. The US average is 6.0%.
Muncie has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Muncie
- The Sales Tax Rate for Muncie is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Muncie is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Muncie
- The average income of a Muncie resident is $30,297 a year. The US average is $37,638 a year.
- The Median household income of a Muncie resident is $61,875 a year. The US average is $69,021 a year.