Located in Johnson County, the small town of Somerville, Indiana (population 476) is a great place to live and work. It has all the benefits of living in a smaller community while still providing access to nearby larger cities. Rent for two-bedroom apartments is just $840 per month, which is much less than the national average of $1,430. Grocery costs are also lower compared to other areas at an index of 91 versus 100 nationally. The local economy is quite diverse with businesses such as Zirkle Oil Company, First Savings Bank & Trust Co., and Fiddlers Three Restaurant located in the town itself. Other amenities include an 18-hole golf course at Somerville Country Club as well as several parks around town for outdoor recreation at its best.
Somerville (zip 47683) has an unemployment rate of 3.4%. The US average is 6.0%.
Somerville (zip 47683) 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 Somerville (zip 47683)
- The Sales Tax Rate for Somerville (zip 47683) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Somerville (zip 47683) 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 Somerville (zip 47683)
- The average income of a Somerville (zip 47683) resident is $17,384 a year. The US average is $28,555 a year.
- The Median household income of a Somerville (zip 47683) resident is $65,833 a year. The US average is $69,021 a year.