Rockport, IN is a small city with a population of approximately 5,000 people. It is situated in Spencer County and it offers its residents a quiet and peaceful lifestyle. The cost of living in Rockport is significantly lower than the national average due to the affordable housing costs. For example, 2 bedroom rent is only $830 compared to the US average of $1,430. Similarly, grocery costs are also lower than the national average, as their Grocery Cost Index stands at 91 whereas nationally it's 100.
Rockport has numerous local companies that contribute to its economy such as Brightleaf Power Systems, Spencer Exchange Bank, Ace Hardware and Portersville Bay Marina & Resort. All these businesses provide employment opportunities for locals which further help reduce the cost of living in Rockport. Overall, Rockport is an ideal place for people who want to live comfortably while still enjoying the benefits of a smaller town.
Rockport has an unemployment rate of 4.3%. The US average is 6.0%.
Rockport has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Rockport
- The Sales Tax Rate for Rockport is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rockport is 4.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rockport
- The average income of a Rockport resident is $16,902 a year. The US average is $28,555 a year.
- The Median household income of a Rockport resident is $41,938 a year. The US average is $69,021 a year.