Hagerstown, Indiana is a small town located in the east-central part of the state. This quiet community has a population of just over two thousand people and offers a peaceful atmosphere for families looking to move away from the hustle and bustle of big cities. The average rent for a two bedroom home in Hagerstown is much lower than the US average, at $840 compared to $1,430. Additionally, local grocery prices are considerably lower than USA average according to Cost of Living Index with 93 versus 100 respectively.
Hagerstown is home to several local businesses that offer jobs and other services to residents. A few well-known companies include Hagerstown Automotive Supply Co., Martin's Hardware Store, and Whiteacre Farms. These businesses provide excellent opportunities for those looking to start a career or find good employment in their hometown. Additionally, there are some small eateries around town such as The Corner Cafe and The Mudd Puddle which serve delicious food at reasonable prices.
Overall, Hagerstown has an excellent cost of living when compared with other American cities. People moving here can enjoy low rent prices and affordable groceries while still having access to quality services such as those provided by local businesses. This makes it an ideal place for those wanting to escape high prices without sacrificing too much on amenities.
Hagerstown (zip 47346) has an unemployment rate of 4.7%. The US average is 6.0%.
Hagerstown (zip 47346) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Hagerstown (zip 47346)
- The Sales Tax Rate for Hagerstown (zip 47346) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hagerstown (zip 47346) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hagerstown (zip 47346)
- The average income of a Hagerstown (zip 47346) resident is $28,217 a year. The US average is $37,638 a year.
- The Median household income of a Hagerstown (zip 47346) resident is $58,373 a year. The US average is $69,021 a year.