Bainbridge, IN is a small town located in the Midwest region of the United States. It is a quaint and peaceful place to live and work, with a population estimated at around 1,400 people. The cost of living in Bainbridge is very affordable compared to other parts of the country. For example, the average two-bedroom rent in Bainbridge is $830 while it’s $1,430 on average elsewhere in the US. Additionally, Bainbridge’s Grocery Cost Index (94) is significantly lower than the national average (100).
The local economy in Bainbridge is supported by various businesses such as Don's Supermarket, Family Dollar Store, Martin's Barbershop and Gasser True Value Hardware. While there are not many big name companies located here, residents still enjoy a good quality of life due to affordable cost of living.
Bainbridge has an unemployment rate of 4.2%. The US average is 6.0%.
Bainbridge has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Bainbridge
- The Sales Tax Rate for Bainbridge is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bainbridge 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 Bainbridge
- The average income of a Bainbridge resident is $17,511 a year. The US average is $28,555 a year.
- The Median household income of a Bainbridge resident is $55,469 a year. The US average is $69,021 a year.