Heritage Lake, IN is a small city with a population around 6,000 people that has seen rapid growth in recent years. This city provides its residents with affordable housing and a low cost of living. The monthly rent for a two-bedroom apartment in Heritage Lake is $970 compared to the US average of $1,430 per month. Additionally, groceries are cheaper here too as the Grocery Cost Index is 96 compared to the US index of 100. There are many businesses located in Heritage Lake including a Walmart Supercenter and several restaurants like Outback Steakhouse and Olive Garden. With low rent prices and food costs, Heritage Lake makes an ideal community for those looking to save money on expenses while still having access to necessary services.
Heritage Lake has an unemployment rate of 4.2%. The US average is 6.0%.
Heritage Lake has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Heritage Lake
- The Sales Tax Rate for Heritage Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Heritage Lake 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 Heritage Lake
- The average income of a Heritage Lake resident is $30,605 a year. The US average is $28,555 a year.
- The Median household income of a Heritage Lake resident is $71,799 a year. The US average is $69,021 a year.