Middlebury, IN is a small town in Elkhart County with an estimated population of 5,053. The cost of living in Middlebury is relatively low, as the average two bedroom rent is $1,090 per month compared to the US average of $1,430 per month. Even grocery cost index is 96 versus 100 in the US. Therefore, individuals looking for a more affordable place to live should consider Middlebury.
The local economy offers numerous opportunities for employment with employers such as Yoder Meats & Country Store, Cressy Door & Fireplace Center, and Hostetler's Home Furnishings. Other local companies include Chupp Cabinet Shops Inc., K&M Manufacturing, JK Tool Co., Inc., and Equine Performance Nutrition LLC. With its low cost of living and great job prospects, Middlebury can be an ideal choice for those looking to relocate or start a small business.
Middlebury (zip 46540) has an unemployment rate of 3.5%. The US average is 6.0%.
Middlebury (zip 46540) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 53.7%, which is higher than the US average of 33.5%.
Tax Rates for Middlebury (zip 46540)
- The Sales Tax Rate for Middlebury (zip 46540) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Middlebury (zip 46540) 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 Middlebury (zip 46540)
- The average income of a Middlebury (zip 46540) resident is $37,700 a year. The US average is $37,638 a year.
- The Median household income of a Middlebury (zip 46540) resident is $92,011 a year. The US average is $69,021 a year.