Medora, IN is a small town located in Jackson County. It is known for its family-friendly environment and tight knit community. The cost of living in Medora, IN is generally lower than other areas of the US. Rent for a two bedroom apartment averages around $950 compared to the US average of $1,430. The grocery cost index in Medora is 93 versus the national average of 100, making it 7% less expensive to buy groceries than in the rest of the country. Some local companies include Medora Machine & Tooling, Medora Phone Company, and Sadowski Motors. All in all, Medora has a comfortable cost of living that many locals appreciate.
Medora has an unemployment rate of 4.0%. The US average is 6.0%.
Medora has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Medora
- The Sales Tax Rate for Medora is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Medora is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Medora
- The average income of a Medora resident is $14,778 a year. The US average is $28,555 a year.
- The Median household income of a Medora resident is $46,625 a year. The US average is $69,021 a year.