Milton, Indiana (47357) is a small city with a population of approximately 1,700 people. It offers an affordable cost of living with a two bedroom rent of $840, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Milton is 91 versus 100 in the US, keeping living costs low for its residents.
The town has several local businesses that contribute to the economy and quality of life in Milton. One such business is Wise Old Owl Antiques & Collectibles, which provides the community with unique items to decorate homes and offices. Another company is Impact Martial Arts and Family Fitness Center, which gives residents access to martial arts classes as well as an aerobic gym and weight room. These businesses provide employment and entertainment opportunities for Milton's residents. Finally, R & L Farms employs many locals through its farm-to-table produce delivery service that supplies fresh products to area restaurants. These businesses have had a positive effect on Milton by providing jobs and services to the community.
Milton (zip 47357) has an unemployment rate of 4.7%. The US average is 6.0%.
Milton (zip 47357) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Milton (zip 47357)
- The Sales Tax Rate for Milton (zip 47357) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Milton (zip 47357) 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 Milton (zip 47357)
- The average income of a Milton (zip 47357) resident is $25,523 a year. The US average is $28,555 a year.
- The Median household income of a Milton (zip 47357) resident is $58,885 a year. The US average is $69,021 a year.