Waynetown, IN, is a small town located in Montgomery county with a population of 479 people. It is known as a rural community with an affordable cost of living. The average 2 bedroom rent in Waynetown is $830 compared to the US average of $1,430, making it more attractive to renters and young families. Furthermore, the Grocery Cost Index in Waynetown is 92 versus 100 in the US. This means that groceries are 8% cheaper than the national average.
Local amenities include Martin Oil Co., which has been serving the community for over 60 years providing fuel and household items; Tippecanoe River State Park offers outdoor activities such as camping, fishing, picnicking and plenty of hiking trails; and Mo's Drive Inn has been serving classic American-style food since 1954. Waynetown also has various churches and banks to provide services to its residents
Waynetown (zip 47990) has an unemployment rate of 3.6%. The US average is 6.0%.
Waynetown (zip 47990) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Waynetown (zip 47990)
- The Sales Tax Rate for Waynetown (zip 47990) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waynetown (zip 47990) is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waynetown (zip 47990)
- The average income of a Waynetown (zip 47990) resident is $24,223 a year. The US average is $37,638 a year.
- The Median household income of a Waynetown (zip 47990) resident is $52,928 a year. The US average is $69,021 a year.