Staunton, IN is an affordable place to live when compared to the rest of the United States. The average rent for a two-bedroom apartment in Staunton is $880, which is significantly lower than the national average rent of $1,430. Additionally, grocery costs are also significantly lower in Staunton with an index score of 90 as opposed to 100 nationally. Not only are living costs low in Staunton, but it's also home to several major employers including Express Personnel Services and Tyson Foods Inc., providing many employment opportunities for residents. All things considered, Staunton has a very low cost of living that should be taken into consideration when looking for a place to live that won't break the bank.
Staunton has an unemployment rate of 4.8%. The US average is 6.0%.
Staunton has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Staunton
- The Sales Tax Rate for Staunton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Staunton is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Staunton
- The average income of a Staunton resident is $19,376 a year. The US average is $28,555 a year.
- The Median household income of a Staunton resident is $57,917 a year. The US average is $69,021 a year.