Williams, IN is a small rural town located in the heart of Indiana. It is known for its friendly people and low cost of living. The average two bedroom rent in Williams is $830 compared to $1,430 in the US, making it much more affordable than other towns. Additionally, Williams has a Grocery Cost Index rating of 93 versus 100 in the US - another indication that it offers an economical lifestyle.
The town has many businesses that contribute to its economy such as IBL Steel/Warehouse Solutions, Hoosier Racing Tire Corp., and Boar’s Head Provisions Co., Inc. Residents are able to enjoy local restaurants like La Hacienda Mexican Restaurant & Bar and Chris’s Ribeye which provide quality food at reasonable prices. With all these factors taken into consideration, it becomes clear why Williams has become a popular destination for those looking for a low-cost lifestyle with plenty of amenities available close by.
Williams has an unemployment rate of 4.7%. The US average is 6.0%.
Williams has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Williams
- The Sales Tax Rate for Williams is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Williams is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Williams
- The average income of a Williams resident is $23,104 a year. The US average is $28,555 a year.
- The Median household income of a Williams resident is $13,664 a year. The US average is $69,021 a year.