Walton, Indiana is an unincorporated community in Wells County. It has a population of 46994 and is known for its affordable housing costs, with two bedroom rents averaging $840. This is significantly lower than the national average of $1,430 for two bedroom rents. Grocery costs are also lower than the US average with a grocery cost index of 92 versus 100 nationally. There are several local companies in the area such as ABC Industries, Walton Trading Company, and Jones Automotive Group who provide jobs to many in the community. All these benefits make Walton an ideal place to live or do business.
Walton (zip 46994) has an unemployment rate of 4.4%. The US average is 6.0%.
Walton (zip 46994) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Walton (zip 46994)
- The Sales Tax Rate for Walton (zip 46994) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Walton (zip 46994) is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Walton (zip 46994)
- The average income of a Walton (zip 46994) resident is $30,898 a year. The US average is $37,638 a year.
- The Median household income of a Walton (zip 46994) resident is $55,772 a year. The US average is $69,021 a year.