Marengo, IN is a small town in Indiana with a population of around 2,500 people. The cost of living here is relatively low, with 2 bedroom rent being only $810 compared to the US average of $1,430. This makes it an attractive option for those looking for affordable housing. Additionally, groceries in Marengo are also relatively inexpensive at 93 compared to 100 on the Grocery Cost Index in the US. It's no wonder why many people choose Marengo as their home. \nThis small town has some great local companies such as Valley Tack & Feed which provides pet food and supplies, Copper Creek Coffee Company that sells all kinds of coffees and teas, and The Syrup Kettle Restaurant which serves delicious home-style meals. All these businesses provide high quality products that make living in Marengo even more enjoyable!
Marengo (zip 47140) has an unemployment rate of 4.8%. The US average is 6.0%.
Marengo (zip 47140) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Marengo (zip 47140)
- The Sales Tax Rate for Marengo (zip 47140) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marengo (zip 47140) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Marengo (zip 47140)
- The average income of a Marengo (zip 47140) resident is $16,546 a year. The US average is $28,555 a year.
- The Median household income of a Marengo (zip 47140) resident is $47,222 a year. The US average is $69,021 a year.