Goodland, IN Economy


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Goodland, IN is a small town located in the state of Indiana. It has a low cost of living compared to the rest of the US, with 2 bedroom rent for only $840 compared to $1,430 nationally. According to a Grocery Cost Index, Goodland offers groceries at 90% of the cost of other locations in America. Popular local companies include Goodland Brewery, Goodland Farms and Van Steenberge Inc. The town is known for its rich agricultural history as well as several outdoor parks and trails that are popular among tourists and locals alike.

Goodland has an unemployment rate of 5.0%. The US average is 6.0%.

Goodland has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.

Tax Rates for Goodland
- The Sales Tax Rate for Goodland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Goodland 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 Goodland
- The average income of a Goodland resident is $23,141 a year. The US average is $28,555 a year.
- The Median household income of a Goodland resident is $50,690 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoodland, IndianaUnited States
  56
  -7.2%-6.2%
  27.6%33.5%
  7.0%6.2%
  4.2%4.6%
  $24,190$37,638
  $50,690$69,021
  $54,688$85,028
  Population by Occupation
  4.1%1.2%
  0.4%0.5%
  1.4%6.8%
  30.8%10.0%
  1.2%2.5%
  13.5%11.0%
  9.6%4.8%
  1.8%0.8%
  0.4%1.9%
  2.3%4.7%
  0.0%1.9%
  0.6%7.6%
  0.0%0.1%
  4.1%4.2%
  5.8%9.3%
  10.7%14.0%
  0.0%2.1%
  7.4%7.0%
  1.2%4.8%
  4.9%4.7%
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