Salamonia, IN is a small town located in Indiana with a population of approximately 500 people. It is known for its close proximity to larger cities like Indianapolis and Cincinnati. As a result, the cost of living is relatively low compared to other parts of Indiana. For example, the average 2 bedroom rent in Salamonia is only $820 while the US average is $1,430. Additionally, Salamonia has an extremely low grocery cost index of 89 as opposed to 100 in the US. The area has many local businesses such as Salamonia Hardware Store and Shannons Auto Repair that offer quality services to its inhabitants. Furthermore, it offers plenty of outdoor activities like camping and fishing nearby in places like Cope Environmental Center and Willows Lake Park. With its affordable housing costs and countless recreational activities available, Salamonia is an idyllic place to call home.
Salamonia has an unemployment rate of 3.9%. The US average is 6.0%.
Salamonia has seen the job market decrease by -0.7% 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 Salamonia
- The Sales Tax Rate for Salamonia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Salamonia 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 Salamonia
- The average income of a Salamonia resident is $17,917 a year. The US average is $28,555 a year.
- The Median household income of a Salamonia resident is $48,472 a year. The US average is $69,021 a year.