Shipshewana, IN is a small town located in Indiana with an estimated population of 645. According to the information given, 2 bedroom rent in Shipshewana is much lower than in the US at $910 versus $1,430. Additionally, the Grocery Cost Index in Shipshewana is 95 compared to the national average of 100. Despite its rural location and low population size, there are several companies located in Shipshewana such as Yoder's Shipshewana Furniture Store, Flea Market and Auction Barn, Hostetler’s Hudson Auto Museum & Event Center and Miller’s Bakery & Candy Kitchen. These popular local businesses offer a variety of goods and services for residents and visitors alike.
Shipshewana has an unemployment rate of 3.0%. The US average is 6.0%.
Shipshewana has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 47.4%, which is higher than the US average of 33.5%.
Tax Rates for Shipshewana
- The Sales Tax Rate for Shipshewana is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Shipshewana is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Shipshewana
- The average income of a Shipshewana resident is $36,896 a year. The US average is $37,638 a year.
- The Median household income of a Shipshewana resident is $52,159 a year. The US average is $69,021 a year.