Spiceland is a small town in Indiana with a population of about 1,500. The cost of living in Spiceland is quite reasonable compared to the US average as it offers 2-bedroom rent at $810 which is around 15% less than the average US rate of $1,430 for a 2 bedroom apartment. Additionally, groceries are cheaper here; the grocery cost index score in Spiceland is 92 compared to the 100 score in the US. There are many local businesses that thrive in Spiceland such as Asher's Filling Station, WHG Auto Parts & Tire Center and Patty's Interiors & Gifts. All these businesses provide locals with necessary goods and services at competitive prices while allowing members of this community to support their local economy.
Spiceland (zip 47385) has an unemployment rate of 4.3%. The US average is 6.0%.
Spiceland (zip 47385) 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 Spiceland (zip 47385)
- The Sales Tax Rate for Spiceland (zip 47385) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spiceland (zip 47385) 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 Spiceland (zip 47385)
- The average income of a Spiceland (zip 47385) resident is $29,339 a year. The US average is $37,638 a year.
- The Median household income of a Spiceland (zip 47385) resident is $80,568 a year. The US average is $69,021 a year.