Freetown, IN is a small town with a population of just over 1,000 people. It is situated in the heart of Indiana and offers residents a peaceful and quiet lifestyle. The cost of living is relatively low compared to other areas in Indiana; rent for two-bedroom apartments in Freetown is $1,030 per month whereas the average two-bedroom rental cost throughout the US is $1,430 per month. Additionally, the grocery cost index in Freetown is 96 versus 100 across the US.
Freetown is home to several established companies such as S&T Transport Inc., McCloskey Communications, Vicksburg Auto Parts, Freetown Supply Company and Whalen Fitness Products. These businesses offer employment opportunities and contribute to the local economy. Residents also have access to several amenities such as parks, museums and shopping centers nearby.
Freetown has an unemployment rate of 4.0%. The US average is 6.0%.
Freetown has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Freetown
- The Sales Tax Rate for Freetown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Freetown is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Freetown
- The average income of a Freetown resident is $22,435 a year. The US average is $28,555 a year.
- The Median household income of a Freetown resident is $68,646 a year. The US average is $69,021 a year.