Clay City, IN is a small town located in the heart of Indiana. The cost of living in Clay City is quite low; according to data, the average two bedroom rent is $820 compared to $1,430 nationally. Additionally, the Grocery Cost Index for Clay City was 91 versus 100 for the US as a whole. With such low costs of living there are many local businesses that people can support with their purchases. These include T&T Market, which provides locals with fresh produce and a wide range of other groceries; D&L Liquor Store for beer and wine; and Petal & Posy Floral Boutique which offers beautiful flower arrangements. Clay City is also close to other major cities in Indiana such as Indianapolis and Bloomington, making it easy to access amenities when needed.
Clay City has an unemployment rate of 4.8%. The US average is 6.0%.
Clay City 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 Clay City
- The Sales Tax Rate for Clay City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Clay City 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 Clay City
- The average income of a Clay City resident is $17,214 a year. The US average is $28,555 a year.
- The Median household income of a Clay City resident is $46,964 a year. The US average is $69,021 a year.