Connersville, IN is a small town located in Fayette County with a population of around 11,800 people. The city is known for its excellent schools and small-town atmosphere. It has an easy commute to other major Indiana cities such as Indianapolis and Cincinnati making it an ideal place to live if you are looking for a lower cost of living than the larger cities in the state. The 2 bedroom rent in Connersville is $900 which is considerably lower than the US average of $1,430. In addition to lower rent costs, grocery cost index is also much lower at 91 compared to the US average of 100.
When it comes to employment opportunities, Connersville offers many local businesses such as Fayette Regional Health System, Acme Electric Motor Co., Schneider Electric USA Inc., and Fidelity National Financial Inc., among others. All these employers provide residents with ample job opportunities along with competitive wages helping them maintain their low cost of living in Connersville.
Connersville (zip 47331) has an unemployment rate of 5.9%. The US average is 6.0%.
Connersville (zip 47331) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Connersville (zip 47331)
- The Sales Tax Rate for Connersville (zip 47331) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Connersville (zip 47331) is 5.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Connersville (zip 47331)
- The average income of a Connersville (zip 47331) resident is $19,601 a year. The US average is $28,555 a year.
- The Median household income of a Connersville (zip 47331) resident is $47,887 a year. The US average is $69,021 a year.