Paoli, IN is a small town located in southern Indiana. The cost of living is significantly lower than the US average, with the 2 bedroom rent costing $820 compared to the US average of $1,430. Additionally, the grocery cost index in Paoli is 92 compared to 100 on average in the United States. This low cost of living makes Paoli an attractive place for residents looking for affordable housing options.
There are many local companies in Paoli, such as KKG Enterprises Inc., an industrial machine manufacturer, Star Log Cabin Rentals and Resort LLC, a vacation rental company offering cabins in Brown County State Park, and The Crusty Loaf Bakery & Cafe LLC., which offers fresh-baked breads and other treats. With its low costs and many local businesses available to customers, Paoli is an ideal place to live or visit for those who are looking for affordability and convenience.
Paoli has an unemployment rate of 5.7%. The US average is 6.0%.
Paoli has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Paoli
- The Sales Tax Rate for Paoli is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Paoli 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 Paoli
- The average income of a Paoli resident is $27,635 a year. The US average is $37,638 a year.
- The Median household income of a Paoli resident is $38,080 a year. The US average is $69,021 a year.