Gentryville, IN, is a small town located in Spencer County with a population of 47537. The cost of living here is much lower than the national average due to its smaller size and more affordable amenities. For example, the average 2 bedroom rent in Gentryville is $880 compared to the US 2 bedroom rent which stands at $1,430. Additionally, grocery cost index in Gentryville is 92 versus 100 in the US.
Gentryville has several local businesses such as Pifer's Mennonite Furniture & Mattress Store, Country Mart Grocery Store, and Gentryville Auto Sales & Service that offer competitive prices for their products and services. These businesses are also supportive of their community and have helped to make it an inviting area to live or visit. All of these factors contribute to why Gentryville remains an attractive place to live as its cost of living remains below the national average despite its rural location.
Gentryville (zip 47537) has an unemployment rate of 4.3%. The US average is 6.0%.
Gentryville (zip 47537) has seen the job market increase 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 Gentryville (zip 47537)
- The Sales Tax Rate for Gentryville (zip 47537) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gentryville (zip 47537) is 4.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gentryville (zip 47537)
- The average income of a Gentryville (zip 47537) resident is $22,587 a year. The US average is $28,555 a year.
- The Median household income of a Gentryville (zip 47537) resident is $45,134 a year. The US average is $69,021 a year.