Aurora, IN is a small town located in Dearborn County. The population of Aurora is just over 3,200 people as of 2019. The cost of living is quite low compared to the US average with 2 bedroom rent costing $920 per month versus $1,430 nationally. Additionally, the Grocery Cost Index in Aurora is 98 compared to 100 in the US. This makes Aurora an attractive place for young families or older adults who are looking for an affordable place to live without sacrificing on quality of life.
The town's economy consists largely of small businesses such as Mikeski Gourmet Delicatessen, which specializes in European-style cured meats and cheeses; Parkview Cafe and Bakery which serves traditional American comfort food; and Gayle’s Luxury Pet Supplies which offers premium pet care products. There are also several antique stores in town that attract visitors from all over the Midwest region. All these businesses contribute to the local economy by providing employment for many locals and generating tax revenues for city services.
Aurora has an unemployment rate of 4.5%. The US average is 6.0%.
Aurora has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Aurora
- The Sales Tax Rate for Aurora is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Aurora is 3.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Aurora
- The average income of a Aurora resident is $21,345 a year. The US average is $28,555 a year.
- The Median household income of a Aurora resident is $37,086 a year. The US average is $69,021 a year.