Woodlawn Heights, IN is a small city located in Indiana with a population of around 5,000 people. The cost of living in this area is significantly lower than most other places in the US. For instance, the median rent for a two bedroom apartment is $990 compared to the US average which stands at $1,430. Furthermore, the grocery cost index is 93 versus 100 in the US which means groceries are 7% more affordable here than nationwide.
Aside from its low living costs there are plenty of local businesses contributing to its local economy. Popular companies include Woodlawn Heights Auto Repair & Tire Center, The Underground Boutique and M&M Pizzeria & Restaurant. It’s also home to high quality schools such as Woodlawn High School and numerous parks for families to enjoy outdoor activities together. Overall it’s an excellent place to live with plenty of advantages due to its low cost of living.
Woodlawn Heights has an unemployment rate of 5.4%. The US average is 6.0%.
Woodlawn Heights has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Woodlawn Heights
- The Sales Tax Rate for Woodlawn Heights is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Woodlawn Heights 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 Woodlawn Heights
- The average income of a Woodlawn Heights resident is $77,932 a year. The US average is $28,555 a year.
- The Median household income of a Woodlawn Heights resident is $117,656 a year. The US average is $69,021 a year.