Carbon, IN is a small town located in the western part of Indiana. It is known for its rural charm and community atmosphere. The cost of living in Carbon is significantly lower than the US average, with 2 bedroom rent costing $940 per month compared to the US average of $1,430. Additionally, the Grocery Cost Index in Carbon, IN is 91 versus 100 in the US. This means that groceries are much more affordable in Carbon than they would be elsewhere. Local businesses include Goebel Motors and The Country Store which provide services and goods to locals at great prices. Carbon is an ideal place to live for those who want to enjoy a rural lifestyle without breaking their budget.
Carbon has an unemployment rate of 4.8%. The US average is 6.0%.
Carbon has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Carbon
- The Sales Tax Rate for Carbon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carbon is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Carbon
- The average income of a Carbon resident is $14,559 a year. The US average is $28,555 a year.
- The Median household income of a Carbon resident is $52,917 a year. The US average is $69,021 a year.