Coalmont, IN is a rural town located in Indiana. It is a growing community with many local businesses such as Coalmont Community Center, The Junction Natural Foods, Iron Horse Outfitters, and more. The cost of living in Coalmont is quite low as evidenced by the average two bedroom rent being only $790 compared to the US average of $1,430. Groceries are also much cheaper here with the cost index being 90 compared to 100 in the US. This makes it an ideal place for families and individuals looking for an inexpensive place to live.
Coalmont has an unemployment rate of 4.8%. The US average is 6.0%.
Coalmont has seen the job market decrease by -5.9% 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 Coalmont
- The Sales Tax Rate for Coalmont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coalmont 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 Coalmont
- The average income of a Coalmont resident is $29,091 a year. The US average is $37,638 a year.
- The Median household income of a Coalmont resident is $0 a year. The US average is $69,021 a year.