Hamlet, IN (zcode 46532) is a small city located in Northern Indiana. It has a low cost of living and an affordable rental market, with median two-bedroom rent costing just $980 per month. Grocery prices are significantly more budget friendly, with the Grocery Cost Index in Hamlet being 91 versus 100 in the US.
The economy in Hamlet is thriving due to employers such as Del Monte Foods Inc., Faurecia Interior Systems Inc., Ganesh Precision Products LLC, Crown Automotive Group, and Schulte Industries who offer a variety of jobs for local citizens. There is also strong job opportunities at the nearby towns of North Judson, Monterey, and Knox. The unemployment rate remains well below the national average at 4%, indicating that not only is there plenty of work available but that it's fairly easy to find employment in the area.
Hamlet (zip 46532) has an unemployment rate of 5.5%. The US average is 6.0%.
Hamlet (zip 46532) has seen the job market decrease by -5.7% 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 Hamlet (zip 46532)
- The Sales Tax Rate for Hamlet (zip 46532) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hamlet (zip 46532) 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 Hamlet (zip 46532)
- The average income of a Hamlet (zip 46532) resident is $28,183 a year. The US average is $37,638 a year.
- The Median household income of a Hamlet (zip 46532) resident is $54,962 a year. The US average is $69,021 a year.