Modoc, IN is a small town located in Randolph County with a population of around 600 people. The cost of living is relatively low compared to many other towns in the US with 2 bedroom rent being $810 compared to $1,430 nationally and a grocery cost index of 92 versus 100 in the US. Local companies include Modoc Lumber Company, Modoc Oil Company, and Modoc Auto Sales. These businesses offer products and services ranging from lumber to cars that are beneficial to the local community.
Modoc has an unemployment rate of 4.6%. The US average is 6.0%.
Modoc has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Modoc
- The Sales Tax Rate for Modoc is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Modoc 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 Modoc
- The average income of a Modoc resident is $18,806 a year. The US average is $37,638 a year.
- The Median household income of a Modoc resident is $49,000 a year. The US average is $69,021 a year.