Odon, IN is a small town known for its rural beauty and friendly atmosphere. It is the perfect place to call home for those looking to get away from the hustle and bustle of city life. The cost of living in Odon is low with two bedroom rent costing $830 compared to the national average of $1,430. Grocery costs are also lower than the rest of the US, with an index of 91 versus 100 in the US. There are local companies available as well such as First National Bank, Odon Machine Shop, and Odon Lumber Co. All these businesses provide locals with employment opportunities plus goods and services that benefit the community. Overall, Odon is a great place to live due to its affordable living expenses, community-oriented atmosphere, and local businesses that enrich its economy.
Odon has an unemployment rate of 3.0%. The US average is 6.0%.
Odon has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Odon
- The Sales Tax Rate for Odon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Odon is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Odon
- The average income of a Odon resident is $22,118 a year. The US average is $28,555 a year.
- The Median household income of a Odon resident is $34,792 a year. The US average is $69,021 a year.