Gas City, IN is a small city located in Indiana that offers its residents a low cost of living compared to the US. The 2 bedroom rent in Gas City, IN is $850 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Gas City is 92 versus 100 across the US which means that groceries are less expensive in this city. This low cost of living attracts many local businesses to the area such as Riverside Ford, Classic Cuts Barber Shop, and Main Street Auto Repair. In conclusion, Gas City is an affordable place to live with plenty of opportunities for local business owners and people looking for a more budget friendly lifestyle.
Gas City has an unemployment rate of 4.4%. The US average is 6.0%.
Gas City has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Gas City
- The Sales Tax Rate for Gas City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gas City is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gas City
- The average income of a Gas City resident is $20,217 a year. The US average is $28,555 a year.
- The Median household income of a Gas City resident is $55,238 a year. The US average is $69,021 a year.