Columbia City, Indiana is an attractive destination for renters, thanks to its affordability. The average two-bedroom rent in Columbia City is $890 per month, almost a third less than the US average of $1,430. Additionally, when it comes to grocery costs, Columbia City residents have the advantage of a lower city index of 94 versus 100 in the US. \nFor those looking to relocate to Columbia City there are several well-known companies such as Walmart and Remington Arms located in the city’s industrial park. The local economy also supports several other industries such as healthcare services, banking and finance, and retail stores. Two economic indicators that will be important for potential residents to consider when making their decision include housing prices and cost of living as these will have direct impacts on their quality of life in Columbia City.
Columbia City has an unemployment rate of 3.5%. The US average is 6.0%.
Columbia City has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Columbia City
- The Sales Tax Rate for Columbia City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia City is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbia City
- The average income of a Columbia City resident is $21,957 a year. The US average is $28,555 a year.
- The Median household income of a Columbia City resident is $53,797 a year. The US average is $69,021 a year.