Kokomo, IN Metro Area is a great place to live. With an average two-bedroom rent of $880, it is cheaper than the US average of $1,430. Grocery costs are also relatively low with a Grocery Cost Index of 93 compared to 100 in the US. The area offers many exciting job opportunities as well as some great local attractions. Some notable companies that call Kokomo home include Kokomo Components Company, Indiana Alloys LLC, and PCC Airfoils LLC. For those looking to explore the area’s entertainment options, they can visit the Kokomo Beach Family Aquatic Center or go shopping at the Markland Mall. Whatever your interests are, there will be something for you in Kokomo!
Kokomo Metro Area has an unemployment rate of 6.0%. The US average is 6.0%.
Kokomo Metro Area has seen the job market increase by 4.9% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Kokomo Metro Area
- The Sales Tax Rate for Kokomo Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Kokomo Metro Area is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kokomo Metro Area
- The average income of a Kokomo Metro Area resident is $23,897 a year. The US average is $28,555 a year.
- The Median household income of a Kokomo Metro Area resident is $59,238 a year. The US average is $69,021 a year.