Cannelton, IN is a small town with a population of around 1,400 people. It is an affordable place to live, with the average two bedroom rent being only $800 compared to the US average of $1,430. The cost of living here is also lower than the national average; its Grocery Cost Index is 90 compared to 100 in the US.
The town has some notable local businesses such as Cannelton Lumber Company and Dave's Auto Parts. There are also plenty of attractions to explore including Adventureland Theme Park, Varner’s Waterpark, and Pioneer Village Museum. With its low rental costs and low cost of living, Cannelton is an ideal place for those looking for a more budget-friendly lifestyle.
Cannelton has an unemployment rate of 4.2%. The US average is 6.0%.
Cannelton has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Cannelton
- The Sales Tax Rate for Cannelton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cannelton is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cannelton
- The average income of a Cannelton resident is $14,957 a year. The US average is $28,555 a year.
- The Median household income of a Cannelton resident is $38,281 a year. The US average is $69,021 a year.