Wheatland, IN Economy


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Wheatland, IN is a small town located in the Midwestern United States. Home to just over 1,000 people, it is an affordable place to live. The average 2 bedroom rental cost in Wheatland is around $840 compared to $1,430 nationwide. Similarly, groceries are also cheaper here with a Grocery Cost Index of 89 as opposed to 100 in the US. This makes Wheatland ideal for those looking to save money while still enjoying city life.
Local businesses in Wheatland include a variety of different types of establishments such as restaurants, stores and other services. Brothers’ BBQ is one of the most popular eateries offering delicious barbecue in town and has been serving customers since 2016. Other shops like Sandy’s Gifts provide gifts and home decor items while T-Cuts Barber Shop offers haircuts and grooming services. There are also many other services available such as mechanics workshops and hardware stores for all your DIY needs. All these businesses make Wheatland a great place to live and work!

Wheatland has an unemployment rate of 3.8%. The US average is 6.0%.

Wheatland has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Wheatland
- The Sales Tax Rate for Wheatland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wheatland is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Wheatland
- The average income of a Wheatland resident is $20,655 a year. The US average is $28,555 a year.
- The Median household income of a Wheatland resident is $45,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWheatland, IndianaUnited States
  3.86
  -4.6%-6.2%
  24.2%33.5%
  7.0%6.2%
  4.2%4.6%
  $22,229$37,638
  $45,500$69,021
  $57,500$85,028
  Population by Occupation
  5.6%1.2%
  8.3%0.5%
  2.8%6.8%
  7.8%10.0%
  0.6%2.5%
  13.9%11.0%
  5.0%4.8%
  2.8%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  3.9%4.2%
  6.7%9.3%
  21.1%14.0%
  0.0%2.1%
  17.8%7.0%
  0.6%4.8%
  3.3%4.7%
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