Darmstadt, IN is a small town located in the Midwest. The cost of living is lower than the US average, making it an attractive option for those looking to save money. Rent for a two bedroom apartment is $1,360 which is approximately 8% lower than the national average of $1,430. Additionally, grocery costs are 5% lower with an index rating of 95 compared to 100 in the US. There are many local companies that contribute to Darmstadt's economy including Ristorante Italiano, Main Street Barber Cafe, and K & B Grocery Store. Those who move to Darmstadt can expect a low cost of living and an abundance of local businesses to enjoy.
Darmstadt has an unemployment rate of 4.8%. The US average is 6.0%.
Darmstadt has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Darmstadt
- The Sales Tax Rate for Darmstadt is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Darmstadt 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 Darmstadt
- The average income of a Darmstadt resident is $42,648 a year. The US average is $28,555 a year.
- The Median household income of a Darmstadt resident is $100,703 a year. The US average is $69,021 a year.