Boone County, Indiana is a great place to live with plenty of opportunities for employment and recreation. The cost of living in Boone County is very affordable compared to the US average. According to data from Zillow, a 2 bedroom rental will cost you $1,070 per month – much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Boone County is 97 versus an index score of 100 in the US. This means that groceries are slightly less expensive than they are nationally. There are several large employers in Boone County such as McDonald's Corporation and Lafayette Printing Company which offer ample job opportunities for residents. With its relatively low cost of living and numerous job opportunities, Boone County is an ideal place to live!
Boone County has an unemployment rate of 3.1%. The US average is 6.0%.
Boone County has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 41.9%, which is higher than the US average of 33.5%.
Tax Rates for Boone County
- The Sales Tax Rate for Boone County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Boone County is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Boone County
- The average income of a Boone County resident is $49,666 a year. The US average is $37,638 a year.
- The Median household income of a Boone County resident is $94,843 a year. The US average is $69,021 a year.