Porter, IN is a great place to call home due to its lower cost of living. The median 2 bedroom rent rate is more affordable at $1,110 versus the US average of $1,430. Additionally, Porter's grocery cost index is 96 compared to the national average of 100. This makes it very easy for individuals and families to save money in Porter. There are several local companies that contribute to the town's strong economy such as The Times Media Company, Duneland Health Council, and Midwest Dental. With cheaper housing and groceries than other parts of America, Porter provides an affordable lifestyle perfect for those looking for a place to call home.
Porter has an unemployment rate of 5.3%. The US average is 6.0%.
Porter has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Porter
- The Sales Tax Rate for Porter is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Porter is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Porter
- The average income of a Porter resident is $32,136 a year. The US average is $28,555 a year.
- The Median household income of a Porter resident is $79,247 a year. The US average is $69,021 a year.