The South Bend-Mishawaka, IN Metro Area is an affordable place to live. It has a 2 bedroom rent of $1,070 compared to the US average of $1,430. Grocery costs are also low with a grocery cost index of 91 compared to the US index of 100. This area is an ideal place for families and individuals alike who are looking for affordability without sacrificing quality of life. Some notable businesses located in this region include Walmart, Meijer, and Martin’s Supermarkets. The University Of Notre Dame is located in South Bend, making it an excellent option for higher education as well. There are many other great local businesses that offer unique items and services such as The Golden Ace Inn Diner and The Cupbearer Cafe & Roastery.
South Bend-Mishawaka Metro Area has an unemployment rate of 5.3%. The US average is 6.0%.
South Bend-Mishawaka Metro Area has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for South Bend-Mishawaka Metro Area
- The Sales Tax Rate for South Bend-Mishawaka Metro Area is 6.9%. The US average is 7.3%.
- The Income Tax Rate for South Bend-Mishawaka Metro Area 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 South Bend-Mishawaka Metro Area
- The average income of a South Bend-Mishawaka Metro Area resident is $23,906 a year. The US average is $28,555 a year.
- The Median household income of a South Bend-Mishawaka Metro Area resident is $58,996 a year. The US average is $69,021 a year.