Valparaiso, IN is a great place to live with cost of living that is lower than the US average. 2 bedroom rent in Valparaiso is about $1,090 which is significantly less than the US average of around $1,430. Additionally, groceries in Valparaiso are 97 compared to the US index at 100. Popular local companies include Ford Meter Box Company, Environmental Systems Corporation, Camelot Care Centers and Cardinal Bus Service Inc. Valparaiso's cost of living makes it an ideal place for families or individuals who are looking for a low-cost place to live while also having access to many different types of employment opportunities.
Valparaiso has an unemployment rate of 5.2%. The US average is 6.0%.
Valparaiso has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 34.4%, which is higher than the US average of 33.5%.
Tax Rates for Valparaiso
- The Sales Tax Rate for Valparaiso is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Valparaiso 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 Valparaiso
- The average income of a Valparaiso resident is $34,433 a year. The US average is $37,638 a year.
- The Median household income of a Valparaiso resident is $56,465 a year. The US average is $69,021 a year.