Wakarusa, IN is a small city located in the heart of northern Indiana. It offers an affordable cost of living with 2 bedroom rentals coming in at around $930 compared to the US average of $1,430. The grocery cost index in Wakarusa is 95 compared to the US average of 100, indicating that groceries are also more affordable than in other areas. Wakarusa is home to several local businesses including LaVille Industries, a manufacturer of metal stamping and assemblies, as well as Juniper Ridge Farms who produces dairy products. There are also numerous restaurants, boutiques, and other services for residents to enjoy. Living in Wakarusa provides its citizens with an affordable quality of life.
Wakarusa has an unemployment rate of 3.5%. The US average is 6.0%.
Wakarusa has seen the job market increase by 5.2% over the last year. Future job growth over the next ten years is predicted to be 53.7%, which is higher than the US average of 33.5%.
Tax Rates for Wakarusa
- The Sales Tax Rate for Wakarusa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wakarusa 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 Wakarusa
- The average income of a Wakarusa resident is $24,647 a year. The US average is $28,555 a year.
- The Median household income of a Wakarusa resident is $73,026 a year. The US average is $69,021 a year.