Stockwell, IN is a small town located in Indiana with multiple local businesses that contribute to their thriving economy. Companies such as Smithson Auto Body, Stockwell Country Club, and Sunrise Grocery provide residents with the services they need for everyday living. The cost of living in Stockwell is relatively low compared to other parts of the country. For example, 2 bedroom rent costs $1,050 per month which is significantly cheaper than the national average of $1,430 per month. Additionally, Grocery Cost Index shows that food prices in Stockwell are 8% lower than the national index rating of 100. This allows residents to save money on groceries and have more disposable income for other needs or wants.
Stockwell has an unemployment rate of 4.1%. The US average is 6.0%.
Stockwell has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Stockwell
- The Sales Tax Rate for Stockwell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Stockwell is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Stockwell
- The average income of a Stockwell resident is $32,076 a year. The US average is $28,555 a year.
- The Median household income of a Stockwell resident is $67,639 a year. The US average is $69,021 a year.