Michigantown, IN (46057) is a town located in the heart of Indiana. With a 2 bedroom rent of $890, Michigantown remains an affordable place to live. The Grocery Cost Index in Michigantown is 93 versus 100 in the US which further contributes to its affordability.
Residents of Michigantown are spoiled for choice when it comes to amenities and local businesses. Longtime staples like Garriott’s Super Value, Young’s Pharmacy and Hardware, and Bradbury Insurance Company provide a wide range of services and products for community members. For delicious eats locals can visit the classic Kuntz Family Restaurant & Lounge or get their fix of locally roasted coffee at The Harvest Table Coffee House. For those looking for outdoor recreation opportunities there is Mt Carmel State Park nearby as well as numerous smaller parks throughout town.
Michigantown (zip 46057) has an unemployment rate of 3.5%. The US average is 6.0%.
Michigantown (zip 46057) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Michigantown (zip 46057)
- The Sales Tax Rate for Michigantown (zip 46057) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Michigantown (zip 46057) is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Michigantown (zip 46057)
- The average income of a Michigantown (zip 46057) resident is $30,537 a year. The US average is $37,638 a year.
- The Median household income of a Michigantown (zip 46057) resident is $83,264 a year. The US average is $69,021 a year.