Borden, IN is an affordable place to live. The average rent for a two-bedroom apartment is only $990 compared to the US average of $1,430. Grocery costs are also lower than the national average, with the cost index at 97 versus 100 in the US. There are several local businesses in Borden like ABC Meats & Groceries, KGK Custom Collectibles, and Frontier Fashions Boutique. If you're looking for an affordable place to live that still offers plenty of amenities nearby, Borden could be a good choice compared to other more expensive cities around the country.
Borden has an unemployment rate of 4.4%. The US average is 6.0%.
Borden has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Borden
- The Sales Tax Rate for Borden is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Borden is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Borden
- The average income of a Borden resident is $22,827 a year. The US average is $37,638 a year.
- The Median household income of a Borden resident is $60,000 a year. The US average is $69,021 a year.