Riley, IN (47871) is a small town located in central Indiana with a population of around 500 people. It is known for its rural atmosphere and close-knit community. The cost of living in Riley is affordable; the average two-bedroom rent is $1,110, which is much lower than the US average 2 bedroom rent of $1,430. Additionally, grocery costs are relatively low with an index score of 91 compared to the US index score of 100.
There are several local businesses in Riley that offer goods and services to residents. Popular restaurants include Tobacco Road BBQ and Best Buddies Pizza. Other popular stores include Riley Mercantile for hardware items and The Country Peddler for antiques and furniture. Residents also have access to a library, post office, gas station, bank, auto repair shop and more.
In summary, Riley offers an affordable cost of living with a rural atmosphere for its residents to enjoy. Two-bedroom rent costs are much lower than the national average at $1,110 versus $1,430 while grocery costs are also lower with an index score of 91 compared to 100 in the US. There are plenty of local businesses offering goods and services as well as activities such as libraries and parks for residents to enjoy.
Riley (zip 47871) has an unemployment rate of 5.6%. The US average is 6.0%.
Riley (zip 47871) has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Riley (zip 47871)
- The Sales Tax Rate for Riley (zip 47871) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Riley (zip 47871) 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 Riley (zip 47871)
- The average income of a Riley (zip 47871) resident is $20,478 a year. The US average is $37,638 a year.
- The Median household income of a Riley (zip 47871) resident is $48,333 a year. The US average is $69,021 a year.