The town of Patoka, Indiana (47666) is a great place to live for those looking for an affordable cost of living. The average 2 bedroom rent in Patoka is $850 per month, significantly lower than the US average of $1,430. Additionally, the grocery cost index in Patoka is 88 versus 100 in the US, indicating that groceries are slightly more affordable here as well.
Residents of Patoka enjoy the peace and quiet of small-town living while having access to local businesses such as Family Dollar and Dollar General. For outdoor recreation, there's nearby Patoka Lake Park with its marina, campground, wildlife watching areas and lake activities like fishing and boating. Beyond the lakepark, there's also Wolf Creek Winery & Vineyards for residents looking to explore a bit further out - offering lovely views alongside wine tastings and special events throughout the year.
Patoka (zip 47666) has an unemployment rate of 3.4%. The US average is 6.0%.
Patoka (zip 47666) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Patoka (zip 47666)
- The Sales Tax Rate for Patoka (zip 47666) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Patoka (zip 47666) is 3.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Patoka (zip 47666)
- The average income of a Patoka (zip 47666) resident is $28,761 a year. The US average is $28,555 a year.
- The Median household income of a Patoka (zip 47666) resident is $58,125 a year. The US average is $69,021 a year.