Hobart, IN is a small city located in Northwest Indiana that has an estimated population of 29,659. It is known for its charming downtown area with local restaurants, stores, and businesses. Among the popular businesses in Hobart include Logan's Roadhouse, Walmart Supercenter, Choppers Bar & Grill, and El Salto Mexican Restaurant. Grocery costs in Hobart are on average 5% lower than the national average. Housing costs are also more affordable here with the median rent for a two-bedroom apartment being $1,060 compared to the US median of $1,430. All in all Hobart is a great place to live thanks to its affordability and great local businesses.
Hobart has an unemployment rate of 7.5%. The US average is 6.0%.
Hobart has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Hobart
- The Sales Tax Rate for Hobart is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hobart is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hobart
- The average income of a Hobart resident is $31,699 a year. The US average is $37,638 a year.
- The Median household income of a Hobart resident is $63,168 a year. The US average is $69,021 a year.