Crane, IN is a peaceful community located in the southwestern part of Indiana. It offers residents low cost living expenses with an average two-bedroom rent of $650, which is significantly lower than the national average of $1,430. Additionally, groceries are also quite inexpensive with the local grocery cost index being 89 compared to 100 in the US. This small town is home to many businesses that contribute to its local economy including family owned restaurants, retail stores and service providers such as car mechanics and electricians. The area also hosts a variety of industrial plants and warehouses such as International Paper Company and Crane Naval Surface Warfare Center that bring employment opportunities for locals.
Crane has an unemployment rate of 3.3%. The US average is 6.0%.
Crane has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Crane
- The Sales Tax Rate for Crane is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Crane is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Crane
- The average income of a Crane resident is $29,046 a year. The US average is $37,638 a year.
- The Median household income of a Crane resident is $67,689 a year. The US average is $69,021 a year.