Pennville, IN is a small town with a population of less than 5,000 people. It offers an affordable cost of living in comparison to other places in the US. The average 2 Bedroom Rent is $810 and the Grocery Cost Index is 91 versus 100 in the US. This makes Pennville, IN attractive for those wanting to save money while still living comfortably. \nThe area offers a variety of local businesses including Miller's Tire Pros, Creekview Convenience Store, and Pennville Feed & Grain. These companies provide the community with automotive services, convenience items, and livestock feed and supplies respectively. With its low cost of living and plethora of local businesses, Pennville, IN is an ideal location for people who want to make the most out of their money.
Pennville has an unemployment rate of 3.9%. The US average is 6.0%.
Pennville has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Pennville
- The Sales Tax Rate for Pennville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Pennville is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Pennville
- The average income of a Pennville resident is $24,866 a year. The US average is $37,638 a year.
- The Median household income of a Pennville resident is $45,431 a year. The US average is $69,021 a year.