Hagerstown, IN is a small town located in the heart of Indiana. It is known for its friendly people, great recreational activities and quaint downtown area. The cost of living in Hagerstown is very reasonable, with two bedroom rents costing around $850 compared to the US average of $1,430 per month. Additionally, grocery costs are relatively low due to an index rating of 93 versus the US at 100. Companies such as Dekko Manufacturing and Shambaugh & Son have helped to provide local jobs for many years while recent new developments like Liberty Mills have further solidified Hagerstown's position as a great place to live and work.
Hagerstown has an unemployment rate of 4.7%. The US average is 6.0%.
Hagerstown has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Hagerstown
- The Sales Tax Rate for Hagerstown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hagerstown is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hagerstown
- The average income of a Hagerstown resident is $27,039 a year. The US average is $37,638 a year.
- The Median household income of a Hagerstown resident is $63,583 a year. The US average is $69,021 a year.