Milltown, IN (47145) is an affordable town located in southwestern Indiana. The two bedroom rent is significantly lower than the US average at $850 compared to the national average of $1,430. The cost of living index also makes Milltown an ideal place to live with a score of 93 compared to 100 in the US. Local companies include: Milltown Tire & Auto Repair, Milltown Supermarket, and K&K Electric Supply. With low rent prices and reasonable cost of living index, Milltown is an ideal location for residents looking for a pleasant neighborhood with access to great services.
Milltown (zip 47145) has an unemployment rate of 4.8%. The US average is 6.0%.
Milltown (zip 47145) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Milltown (zip 47145)
- The Sales Tax Rate for Milltown (zip 47145) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milltown (zip 47145) 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 Milltown (zip 47145)
- The average income of a Milltown (zip 47145) resident is $25,359 a year. The US average is $37,638 a year.
- The Median household income of a Milltown (zip 47145) resident is $47,950 a year. The US average is $69,021 a year.