Macy, IN is a small town located in Indiana with an estimated population of 880 people. This town is known for its friendly community and low cost of living. The average rent for a two-bedroom apartment in Macy, IN is $840 while the US average for the same type of dwelling is much higher at $1,430. Grocery costs are also lower in Macy as the Grocery Cost Index there stands at 91 compared to 100 in the US. Local businesses such as Macy's Market, Kroger's Food Center, and Miller's Hardware provide residents with all their needs. The affordability of goods and services makes it easier for locals to live comfortably without breaking their budget. In conclusion, Macy, IN provides an excellent quality of life for those who are looking to save money on their cost of living expenses.
Macy has an unemployment rate of 5.2%. The US average is 6.0%.
Macy has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Macy
- The Sales Tax Rate for Macy is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Macy is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Macy
- The average income of a Macy resident is $13,752 a year. The US average is $28,555 a year.
- The Median household income of a Macy resident is $47,917 a year. The US average is $69,021 a year.