Brooklyn, IN is a small town located in the United States with a population of around 3,500 people. The cost of living here is lower than many other places in the US, especially when it comes to rent. The average rent for a two-bedroom apartment here is currently $1,000 compared to the national average of $1,430. Additionally, grocery costs in Brooklyn are also cheaper as evidenced by its Grocery Cost Index score of 95 versus 100 in the US.
The town has several local businesses that help contribute to its economy such as RK Trucking LLC which provides hauling services, Eastern Indiana Roofing Company which offers roof repair and installation and Reliable Fence Solutions which provides fence installation services. Furthermore, Brooklyn also has its own thrift store called Thrifty Treasures. All of these companies have been instrumental in providing employment opportunities to the residents of Brooklyn.
Overall, Brooklyn is an affordable place to live with an increased focus on local businesses that benefit its economy. Rent prices have steadily risen over the past few years but still remain well below national averages making it an attractive option for those looking for a more affordable home.
Brooklyn has an unemployment rate of 3.9%. The US average is 6.0%.
Brooklyn has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Brooklyn
- The Sales Tax Rate for Brooklyn is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Brooklyn is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Brooklyn
- The average income of a Brooklyn resident is $24,485 a year. The US average is $37,638 a year.
- The Median household income of a Brooklyn resident is $64,750 a year. The US average is $69,021 a year.