Cynthiana, IN is a small town located in the south central part of Indiana. It is considered to be a very affordable place to live, as two bedroom rent averages $930 per month, which is considerably lower than the US average of $1,430. Additionally, grocery costs are typically 10% less as compared to the rest of the country. The local economy benefits from several major companies, such as Apple Processing Inc., Meijer Distribution Center and Cintas Corporation. These businesses employ many of the town's citizens and contribute to its thriving economy.
Cynthiana has an unemployment rate of 3.6%. The US average is 6.0%.
Cynthiana has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Cynthiana
- The Sales Tax Rate for Cynthiana is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cynthiana 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 Cynthiana
- The average income of a Cynthiana resident is $20,859 a year. The US average is $28,555 a year.
- The Median household income of a Cynthiana resident is $54,643 a year. The US average is $69,021 a year.