47235 Freetown, IN is located in Scott County and offers an affordable housing market making it a great place to live. The average 2 bedroom rent is $1,030 which is significantly lower than the US average of $1,430. The cost of groceries is also very reasonable with an index of 96 versus 100 in the US.
Freetown has a strong local economy that supports businesses such as Double D Mini Storage, Scott Excavating Inc., and Royal Tyres & Wheels. These companies offer services such as storage space rentals, excavating services, wheel and tire supply and repair services that provide jobs for many people in the community. Additionally, there are many small businesses throughout Freetown including restaurants, retail stores, professional service providers, auto repair shops and more that contribute to the wealth of the local economy.
Freetown (zip 47235) has an unemployment rate of 4.0%. The US average is 6.0%.
Freetown (zip 47235) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Freetown (zip 47235)
- The Sales Tax Rate for Freetown (zip 47235) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Freetown (zip 47235) is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Freetown (zip 47235)
- The average income of a Freetown (zip 47235) resident is $21,661 a year. The US average is $37,638 a year.
- The Median household income of a Freetown (zip 47235) resident is $70,114 a year. The US average is $69,021 a year.