Spring Grove, IN is a small town located in the Midwest with a population of around 2,000 people. It is known as an ideal place for families and individuals looking for peace and quiet. The cost of living in Spring Grove is quite low compared to other places due to it being a rural area. Local companies in the town include Anderson Farms Handcrafted Meats, Blue River Studio & Gallery, and Z-Weld Manufacturing Inc. There are also several attractions tourists can visit such as the Stonycreek Farm Market, Dutch Country Market &Greenhouse, and the Ruins Park. People who live in Spring Grove have access to many outdoor activities such as biking and hiking trails around the area.
Spring Grove has an unemployment rate of 4.7%. The US average is 6.0%.
Spring Grove has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Spring Grove
- The Sales Tax Rate for Spring Grove is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Grove is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spring Grove
- The average income of a Spring Grove resident is $24,926 a year. The US average is $28,555 a year.
- The Median household income of a Spring Grove resident is $43,750 a year. The US average is $69,021 a year.