Washington, IN Metro Area is a great place to live. The 2 bedroom rent rate is much lower than the US average at $850 compared to $1,430. As for groceries, the cost index in Washington is 91 compared to 100 in the US. This makes it an affordable area for families and young professionals alike. The local economy is booming, with successful companies like Toyota Motor Manufacturing Indiana and Duke Energy located nearby. With its low rent rates and affordable grocery costs, Washington Metro Area provides an excellent balance between quality of life and cost of living.
Washington Metro Area has an unemployment rate of 3.0%. The US average is 6.0%.
Washington Metro Area has seen the job market decrease by -2.7% 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 Washington Metro Area
- The Sales Tax Rate for Washington Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington Metro Area
- The average income of a Washington Metro Area resident is $26,269 a year. The US average is $37,638 a year.
- The Median household income of a Washington Metro Area resident is $57,083 a year. The US average is $69,021 a year.