Mount Summit, IN is a small town located in Henry County. It is known for its friendly atmosphere and affordable prices. The 2 bedroom rental cost in Mount Summit, IN is $860, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Mount Summit is 90 as opposed to the US average of 100. This means that food prices are also generally lower in Mount Summit than other parts of the country. Companies such as Kroger, Dollar General and Walmart offer local residents low-cost groceries. There are also several apartment complexes where residents can find reasonable rates on two bedroom units like Greenwood Meadows Apartments and Bramble Gate Apartments.
Mount Summit (zip 47361) has an unemployment rate of 4.3%. The US average is 6.0%.
Mount Summit (zip 47361) has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 35.5%, which is higher than the US average of 33.5%.
Tax Rates for Mount Summit (zip 47361)
- The Sales Tax Rate for Mount Summit (zip 47361) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Summit (zip 47361) is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Mount Summit (zip 47361)
- The average income of a Mount Summit (zip 47361) resident is $26,141 a year. The US average is $37,638 a year.
- The Median household income of a Mount Summit (zip 47361) resident is $58,816 a year. The US average is $69,021 a year.