Wheatfield, IN Economy


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Wheatfield, IN is a small town located in Northwest Indiana that offers a peaceful atmosphere with an affordable cost of living. The average rent for a two-bedroom apartment in Wheatfield is $1,000 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wheatfield is 96 compared to 100 in the US. Major companies that have offices in Wheatfield include Hardman Lumber Company, Johnson Bros Baking Co., and Global Packaging Co. All of these factors make Wheatfield a great option for those looking for a small-town feel with more reasonable costs of living.

Wheatfield has an unemployment rate of 5.0%. The US average is 6.0%.

Wheatfield has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Wheatfield
- The Sales Tax Rate for Wheatfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wheatfield is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wheatfield
- The average income of a Wheatfield resident is $18,918 a year. The US average is $28,555 a year.
- The Median household income of a Wheatfield resident is $57,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWheatfield, IndianaUnited States
  56
  -7.3%-6.2%
  29.3%33.5%
  7.0%6.2%
  6.1%4.6%
  $24,734$37,638
  $57,813$69,021
  $64,659$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  14.1%6.8%
  15.6%10.0%
  8.8%2.5%
  17.2%11.0%
  6.6%4.8%
  0.0%0.8%
  4.1%1.9%
  2.2%4.7%
  1.3%1.9%
  2.5%7.6%
  0.0%0.1%
  0.0%4.2%
  3.4%9.3%
  11.6%14.0%
  0.0%2.1%
  4.4%7.0%
  5.6%4.8%
  2.5%4.7%
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