Roann, IN is a small city with an estimated population of just over 1,000 people. The cost of living in the city is quite affordable as the average 2 bedroom rent is only $840 per month and the Grocery Cost Index is 93 compared to 100 in the US. The city's strong economy offers many job opportunities for its residents. Popular local companies include Roann Community Bank, Roann Pharmacy & Supply, Roann Hardware & Rental Center, and Roann Grain & Livestock.
Roann has an unemployment rate of 3.8%. The US average is 6.0%.
Roann has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Roann
- The Sales Tax Rate for Roann is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Roann is 6.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Roann
- The average income of a Roann resident is $21,379 a year. The US average is $37,638 a year.
- The Median household income of a Roann resident is $40,278 a year. The US average is $69,021 a year.