Wolcott, Indiana is a small rural town located in the northwestern part of the state. It has a population of just under 5,000 people and is known for its scenic landscapes and friendly people. The average two bedroom rent in Wolcott is $1,010, making it much more affordable than the national average of $1,430. Additionally, groceries cost less in Wolcott with an index of 92 compared to 100 in the US. This makes it a great place for those looking for a lower cost of living without sacrificing quality of life.
There are several major employers in the Wolcott area including J&J Truck Bodies & Trailers Inc., Miller's Supervalu Grocery Stores, and Community Health Systems Inc. These companies offer local employment opportunities for residents who wish to stay close to home while still earning an income that can support their family. For those looking for more affordable housing options, Wolcott is an ideal choice due to its low cost of living relative to other parts of Indiana and the United States.
Wolcott (zip 47995) has an unemployment rate of 3.4%. The US average is 6.0%.
Wolcott (zip 47995) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Wolcott (zip 47995)
- The Sales Tax Rate for Wolcott (zip 47995) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wolcott (zip 47995) is 4.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Wolcott (zip 47995)
- The average income of a Wolcott (zip 47995) resident is $23,968 a year. The US average is $28,555 a year.
- The Median household income of a Wolcott (zip 47995) resident is $70,179 a year. The US average is $69,021 a year.