Universal, IN is a small town located in Putnam County with an estimated population of just over 2,000 people. Universal is home to several local businesses, including Sugar Creek Asset Management, Pitsenbarger Supply Company, and Riverside Services. The cost of living in Universal is relatively low when compared to the national average. The average rent for a two-bedroom apartment is around $840 per month while the national average stands at $1,430. Additionally, the grocery cost index for Universal stands at 88 versus 100 nationally. With its low cost of living and close proximity to larger cities like Indianapolis and Chicago, Universal offers a great quality of life for residents looking for affordable housing options.
Universal has an unemployment rate of 5.7%. The US average is 6.0%.
Universal 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 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Universal
- The Sales Tax Rate for Universal is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Universal is 3.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Universal
- The average income of a Universal resident is $14,773 a year. The US average is $28,555 a year.
- The Median household income of a Universal resident is $56,250 a year. The US average is $69,021 a year.