Elizabeth, IN is an affordable place to live with a low cost of living. The average 2 bedroom rent in Elizabeth, IN is $990 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Elizabeth, IN is 96 compared to 100 in the US. Local businesses that contribute to the economy include Ace Hardware and Indiana Furniture Factory Outlet. Elizabeth has something for everyone making it an ideal place to reside without breaking the bank.
Elizabeth has an unemployment rate of 3.8%. The US average is 6.0%.
Elizabeth has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Elizabeth
- The Sales Tax Rate for Elizabeth is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth 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 Elizabeth
- The average income of a Elizabeth resident is $24,311 a year. The US average is $28,555 a year.
- The Median household income of a Elizabeth resident is $58,750 a year. The US average is $69,021 a year.