47553 Loogootee, IN is a small town located in the heart of Indiana. It has a population of approximately 2,000 people and is known for its small-town charm and hospitality. Renting a two-bedroom apartment in this area typically costs $950 per month, which is slightly lower than the US average of $1,430. Additionally, the grocery cost index in 47553 Loogootee, IN is 93 as opposed to the US average of 100. Local businesses include Jones Hardware where you can purchase supplies for any home improvement projects, the Cat's Meow Quilt Shop offering fabric and quilting supplies, and M & R Restaurant serving up delicious home-cooked meals daily. The city also hosts an annual apple festival in October that draws visitors from across the state!
Loogootee (zip 47553) has an unemployment rate of 3.3%. The US average is 6.0%.
Loogootee (zip 47553) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Loogootee (zip 47553)
- The Sales Tax Rate for Loogootee (zip 47553) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loogootee (zip 47553) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Loogootee (zip 47553)
- The average income of a Loogootee (zip 47553) resident is $26,908 a year. The US average is $37,638 a year.
- The Median household income of a Loogootee (zip 47553) resident is $60,877 a year. The US average is $69,021 a year.