Grovertown, Indiana is an excellent place to live with a relatively low cost of living. The average 2 bedroom rental in Grovertown costs $900 - significantly less than the US average of $1,430. Furthermore, Grovertown’s grocery cost index is 91 compared to 100 in the US. This indicates that groceries are cheaper in this area.
The local economy is thriving with many businesses offering job opportunities. Companies such as King’s Building Centers, G&C Auto Body Shop & Towing and Huckleberry Hill Farms all contribute to the growth of Grovertown.
Overall, Grovertown is an affordable area to live. Its close proximity to major cities such as South Bend and Mishawaka combined with its low costs makes it a great place for anyone looking for a new home without breaking their budget.
Grovertown (zip 46531) has an unemployment rate of 5.5%. The US average is 6.0%.
Grovertown (zip 46531) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Grovertown (zip 46531)
- The Sales Tax Rate for Grovertown (zip 46531) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grovertown (zip 46531) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Grovertown (zip 46531)
- The average income of a Grovertown (zip 46531) resident is $22,333 a year. The US average is $28,555 a year.
- The Median household income of a Grovertown (zip 46531) resident is $52,102 a year. The US average is $69,021 a year.