Mentone, IN is a small town with a population of around 1,000 people. It is known for its rural atmosphere and low cost of living. The average two bedroom rent in Mentone is $900 per month, which is significantly lower than the US average of $1,430. Similarly, the grocery cost index in Mentone is 91 versus 100 in the US. The overall cost of living in Mentone is much lower than that of the national average.
The economy in Mentone relies heavily on local businesses such as Lilly’s Market and Stover’s Repair Shop. These businesses provide residents with necessary goods and services while keeping costs low for local shoppers. Additionally, there are several nearby restaurants and shops that contribute to the town’s economy. In all, living in Mentone offers a low-cost lifestyle while maintaining easy access to amenities like groceries and repairs.
Mentone has an unemployment rate of 3.7%. The US average is 6.0%.
Mentone 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 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Mentone
- The Sales Tax Rate for Mentone is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mentone 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 Mentone
- The average income of a Mentone resident is $18,793 a year. The US average is $28,555 a year.
- The Median household income of a Mentone resident is $61,635 a year. The US average is $69,021 a year.