Martinsville, IN is a small city located in the heart of Indiana. It's home to several local businesses such as The Shops at Perry Crossing, the historic Arthur M Simpson Co., and Knobby's Sports Bar & Grill. With an average two bedroom rent at just $930, Martinsville is one of the most affordable cities in Indiana for renters. Additionally, the Grocery Cost Index in Martinsville is 94% versus 100% in the US, making it a great option for budget-conscious families. With so many economic advantages, it's no wonder that many people are choosing to call Martinsville home.
Martinsville has an unemployment rate of 3.9%. The US average is 6.0%.
Martinsville has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Martinsville
- The Sales Tax Rate for Martinsville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Martinsville is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Martinsville
- The average income of a Martinsville resident is $18,457 a year. The US average is $28,555 a year.
- The Median household income of a Martinsville resident is $52,599 a year. The US average is $69,021 a year.