Town of Pines, IN is a small community located in northern Indiana. The town has a population of around 3,000 people and boasts a low cost of living. 2 bedroom rent in Town of Pines is approximately $930 per month compared to the US average of $1,430. Grocery Cost Index in Town of Pines is also lower than the national average at 92 versus 100 in the US. This makes it an ideal place for people looking to save money while maintaining an attractive quality of life.
The local economy is fueled by several companies providing goods and services to the town's inhabitants. Some notable businesses include Stone Mill General Store which offers delicious home-style meals as well as groceries and apparel items; Gage Hardware which provides a wide range of products from tools to pet supplies; Allen Automotive, specializing in car repairs; and New Age Gardening which offers gardening supplies for home gardens as well as landscaping services. These businesses have had a major impact on the local economy by providing employment opportunities and stimulating economic activity through taxes and other fees collected in exchange for goods and services provided.
Town of Pines has an unemployment rate of 5.3%. The US average is 6.0%.
Town of Pines has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Town of Pines
- The Sales Tax Rate for Town of Pines is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Town of Pines is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Town of Pines
- The average income of a Town of Pines resident is $19,552 a year. The US average is $28,555 a year.
- The Median household income of a Town of Pines resident is $48,500 a year. The US average is $69,021 a year.