Loogootee, IN is a popular small town located in Martin County. With affordable housing and low cost of living, it attracts residents from all around. According to the information above, the average 2 bedroom rent in Loogootee is $930 compared to the US average of $1,430. Additionally, the Grocery Cost Index for Loogootee is 93 compared to the US average of 100. There are plenty of local businesses that make Loogootee an enjoyable place to live including Circle K convenience store, Asher’s Pharmacy and The Shannon Theatre. These businesses provide a variety of items including clothing, pharmaceuticals and entertainment options for residents in the area.
Loogootee has an unemployment rate of 3.3%. The US average is 6.0%.
Loogootee has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Loogootee
- The Sales Tax Rate for Loogootee is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loogootee 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 Loogootee
- The average income of a Loogootee resident is $25,067 a year. The US average is $37,638 a year.
- The Median household income of a Loogootee resident is $42,279 a year. The US average is $69,021 a year.