Austin, Indiana is a small town located in Scott County with a population of 2,252 according to the 2019 US Census. The median income for a household in Austin is $44,028. The rental rate for a two bedroom apartment is $850 which is lower than the national average of $1,430. Grocery stores such as Kroger and Liquor Barn are common throughout the city and the grocery cost index is 92 compared to the national average of 100. The low cost of living makes Austin an ideal place for those looking for an affordable place to live while still feeling connected to their local community through employment opportunities such as Cummins Inc., GKN Driveline, and U.S. Air Force Reserve Station at Scott Base. All in all, life in Austin is quite affordable which makes it an attractive option for many professionals and families alike.
Austin (zip 47102) has an unemployment rate of 4.9%. The US average is 6.0%.
Austin (zip 47102) has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Austin (zip 47102)
- The Sales Tax Rate for Austin (zip 47102) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Austin (zip 47102) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Austin (zip 47102)
- The average income of a Austin (zip 47102) resident is $21,446 a year. The US average is $37,638 a year.
- The Median household income of a Austin (zip 47102) resident is $37,620 a year. The US average is $69,021 a year.