Cannelburg, IN is a small town located in the Midwest that offers its residents and visitors an affordable lifestyle. The 2 bedroom rent averages around $840, which is significantly lower than the national average of $1,430. Grocery prices are also less expensive in Cannelburg with an index score of 92 compared to 100 nationally. There are a variety of local businesses in Cannelburg which contribute to its economy including a famers market, small grocery store, and several specialty shops. The cost of living in Cannelburg makes it a desirable area for many people looking for an affordable lifestyle.
Cannelburg has an unemployment rate of 3.0%. The US average is 6.0%.
Cannelburg has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Cannelburg
- The Sales Tax Rate for Cannelburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cannelburg is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cannelburg
- The average income of a Cannelburg resident is $27,679 a year. The US average is $37,638 a year.
- The Median household income of a Cannelburg resident is $56,094 a year. The US average is $69,021 a year.