Union City, IN is a small town located in northeast Indiana. It has a population of around 4,000 people and is known for its close-knit community and friendly atmosphere. The economy of Union City is mostly driven by its local businesses, such as Union City Machine Works which provide precision machining services to the manufacturing industry, Pleasureway Doors & Windows Inc., a family owned business that provides high quality doors and windows to its customers, and Logsdon's Equipment LLC who offer residential and commercial lawn care service equipment.
The current cost of living in Union City is relatively low when compared to other parts of the country. The average 2 bedroom rent price is $750 compared to the US average of $1,430. Additionally, the grocery cost index in Union City (91) is lower than the national average (100). This makes Union City an affordable place for families or individuals looking for cheaper housing options.
Union City has an unemployment rate of 4.6%. The US average is 6.0%.
Union City has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 9.6%, which is lower than the US average of 33.5%.
Tax Rates for Union City
- The Sales Tax Rate for Union City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Union City 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 Union City
- The average income of a Union City resident is $15,498 a year. The US average is $28,555 a year.
- The Median household income of a Union City resident is $35,395 a year. The US average is $69,021 a year.