Bourbon, IN is a small town located in St. Joseph County. It is known for its low cost of living and leisurely lifestyle. Rent for a two bedroom apartment in Bourbon is only $850, which is much lower than the US average of $1,430. Even groceries are more affordable here with the Grocery Cost Index being 91 compared to the US index of 100. There are plenty of local businesses to enjoy such as Café Julienne, The Country Cupboard, and KG Auto Repair. Additionally, there are many outdoor activities to take part in such as hikes through Clark Road Nature Preserve or fishing at Lemings Lake. With its unique charm and affordability, Bourbon is an ideal location to settle down or visit for a weekend getaway.
Bourbon has an unemployment rate of 4.0%. The US average is 6.0%.
Bourbon has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Bourbon
- The Sales Tax Rate for Bourbon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bourbon is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bourbon
- The average income of a Bourbon resident is $24,348 a year. The US average is $37,638 a year.
- The Median household income of a Bourbon resident is $58,409 a year. The US average is $69,021 a year.