Coal City, Indiana is a rural community located in Owen County with a population of 47427 people. The average 2 bedroom rent in Coal City is $790 which is lower than the US average of $1,430. Additionally, the cost of living index for grocery items in Coal City is 93 versus 100 nationally. This means that groceries are more affordable in Coal City than they are across the country on average.
Some local businesses include Coal City Automotive repair shop, Staley Grocery Store, and B&T Hardware. The cost of living in Coal City gives its residents access to quality services at an affordable price while still benefitting from its small town atmosphere and strong sense of community.
Coal City (zip 47427) has an unemployment rate of 5.0%. The US average is 6.0%.
Coal City (zip 47427) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Coal City (zip 47427)
- The Sales Tax Rate for Coal City (zip 47427) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Coal City (zip 47427) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Coal City (zip 47427)
- The average income of a Coal City (zip 47427) resident is $16,206 a year. The US average is $28,555 a year.
- The Median household income of a Coal City (zip 47427) resident is $78,750 a year. The US average is $69,021 a year.