Mount Summit, IN is a small town located in the state of Indiana. It has a friendly and welcoming atmosphere perfect for families and those looking to escape the hustle and bustle of city life. The cost of living in Mount Summit is quite low when compared to the rest of the country, with 2 Bedroom Rent at $770 and a Grocery Cost Index of 91 versus 100 in the US. \nThe town features many local businesses, including Mount Summit Family Pharmacy, Burden’s Tire & Auto Service Center, Rushville Veterinary Clinic and Smith’s Floors & More Carpet One. Residents can also enjoy easy access to nearby Indianapolis for plenty more shopping options. If you’re looking for a quiet place to settle down with great access to nearby cities then Mount Summit is an ideal choice.
Mount Summit has an unemployment rate of 4.3%. The US average is 6.0%.
Mount Summit has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for Mount Summit
- The Sales Tax Rate for Mount Summit is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Summit is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Summit
- The average income of a Mount Summit resident is $33,434 a year. The US average is $37,638 a year.
- The Median household income of a Mount Summit resident is $58,882 a year. The US average is $69,021 a year.