Griffith, IN Economy


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Griffith, IN is a small town located in Lake County, Indiana. The population of Griffith is estimated to be around 16,000 people with a median home value of $171,400. In terms of rent, two-bedroom apartments cost an average of $1,030 compared to the national average of $1,430. The cost of groceries also differs from the rest of the country with a Grocery Cost Index (GCI) score of 95 whereas the US average is 100. Local businesses in Griffith include Dyer Auto Exchange Center for automotive repair; Superior Ambulance for medical transportation; and Apple Blossoms Flowers & Gifts for floral arrangements. All these local businesses offer quality services at competitive prices which makes Griffith an attractive place to live in.

Griffith has an unemployment rate of 7.6%. The US average is 6.0%.

Griffith has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Griffith
- The Sales Tax Rate for Griffith is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Griffith is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Griffith
- The average income of a Griffith resident is $34,255 a year. The US average is $37,638 a year.
- The Median household income of a Griffith resident is $64,265 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGriffith, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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