Edgewood, IN is a small town located in the Midwest. It is known for its low cost of living while still providing access to all the things that make city life enjoyable. The average two bedroom rent price in Edgewood is considerably cheaper than the national average at $990 compared to $1430. The Grocery Cost Index also reflects the affordability of the town with a score of 93 versus 100 nationally.
Edgewood has plenty of local businesses that contribute to its thriving economy such as Glik's, Fiddler's Hearth, and Worsley Chiropractic. These companies represent diverse options for dining, entertainment, health care, and more! There are also several outdoor activities like hiking trails at Ox Bow Park or bike paths along St Joseph River. With so much to offer, it’s no wonder why Edgewood is becoming an increasingly popular destination for families and young professionals alike.
Edgewood has an unemployment rate of 5.4%. The US average is 6.0%.
Edgewood has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Edgewood
- The Sales Tax Rate for Edgewood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Edgewood is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Edgewood
- The average income of a Edgewood resident is $30,186 a year. The US average is $28,555 a year.
- The Median household income of a Edgewood resident is $76,212 a year. The US average is $69,021 a year.