Muncie, IN Metro Area is a great place to live with a thriving economy. Local companies include Ball State University, IU Health Ball Memorial Hospital, BorgWarner, Cheff Thermals Solutions, Cintas Corporation and the list goes on. This area boasts an affordable cost of living compared to the national average. 2 bedroom rent in this area is just $850 compared to the US average of $1,430 and locals can enjoy lower grocery costs with an index of 92 compared to the US average of 100. Muncie is also conveniently located close to Indianapolis and the financial capital of Chicago. With so much to offer, it’s no wonder people choose Muncie as their home!
Muncie Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Muncie Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Muncie Metro Area
- The Sales Tax Rate for Muncie Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Muncie Metro Area is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Muncie Metro Area
- The average income of a Muncie Metro Area resident is $21,360 a year. The US average is $28,555 a year.
- The Median household income of a Muncie Metro Area resident is $49,321 a year. The US average is $69,021 a year.