Mount Ayr is a small town located in 47964 in Indiana with a population of around 2,000 people. It is situated within close proximity to the larger cities of Indianapolis and Louisville making it an attractive place for those who want to enjoy the benefits of living in a smaller city while still having easy access to nearby larger metropolitan areas. The average two bedroom rent in Mount Ayr is $810, which is much lower than the national average of $1,430. This makes Mount Ayr an affordable option for those looking to move into a new home. \nThe local economy in Mount Ayr is supported by various businesses including Baxter Supply Co., Pizza King, The Wood Shed, and The Stable Boutique among others. These businesses provide a variety of services that help keep the town running and are likely to appreciate as more people decide to move into this vibrant community. \nOverall, Mount Ayr offers an affordable cost of living compared to other areas across the US. Not only are rental costs lower than national averages but groceries and other goods have a grocery cost index rating of 89 versus 100 nationally. This makes it possible for those living on a tight budget to still enjoy life without putting themselves too far into debt due to high living costs elsewhere.
Mount Ayr (zip 47964) has an unemployment rate of 5.0%. The US average is 6.0%.
Mount Ayr (zip 47964) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Mount Ayr (zip 47964)
- The Sales Tax Rate for Mount Ayr (zip 47964) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Ayr (zip 47964) 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 Mount Ayr (zip 47964)
- The average income of a Mount Ayr (zip 47964) resident is $19,112 a year. The US average is $28,555 a year.
- The Median household income of a Mount Ayr (zip 47964) resident is $46,250 a year. The US average is $69,021 a year.