47387 Straughn, IN is a small town located in the state of Indiana with a population of fewer than 1,000 people. It offers an affordable 2-bedroom rent of $810, which is significantly lower than the national average of $1,430. Grocery cost index in 47387 Straughn, IN is 92 as compared to 100 in the US. The local business landscape is fairly diverse with different options that include Straughn Hardware, Straughn Family Pharmacy, Danny's Cafe and Grill, and Chippewa Farms LLC. Each company provides jobs for local residents and contributes to the economy of the area.
Straughn (zip 47387) has an unemployment rate of 4.3%. The US average is 6.0%.
Straughn (zip 47387) 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 Straughn (zip 47387)
- The Sales Tax Rate for Straughn (zip 47387) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Straughn (zip 47387) 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 Straughn (zip 47387)
- The average income of a Straughn (zip 47387) resident is $28,562 a year. The US average is $37,638 a year.
- The Median household income of a Straughn (zip 47387) resident is $59,583 a year. The US average is $69,021 a year.