Wells, IN County is a great place to live and work. The cost of living is relatively low with a 2 bedroom rent costing $840 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Wells, IN County is 93 versus 100 in the US which makes it an attractive option for those looking to keep their costs down. The county has many local businesses such as Wells Auto Parts, Wells Cleaners and Wells Drive-In Theater that make up its thriving economy. Residents can enjoy all the amenities of life without having to worry about managing a high cost of living.
Wells County has an unemployment rate of 3.4%. The US average is 6.0%.
Wells County has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Wells County
- The Sales Tax Rate for Wells County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wells County is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wells County
- The average income of a Wells County resident is $24,126 a year. The US average is $28,555 a year.
- The Median household income of a Wells County resident is $62,802 a year. The US average is $69,021 a year.