Bremen, IN is a great place to call home due to its relatively low cost of living compared to other parts of the United States. The average two-bedroom rental rate in Bremen is just $910, while the national average is $1,430. Additionally, the Grocery Cost Index for Bremen is 93, versus 100 nationally. This means residents get more bang for their buck when shopping in Bremen.
The town of Bremen boasts a number of local businesses ranging from small retail stores catering to locals’ needs such as Miller’s Grocery and Cline’s Clothing Store, to larger companies such as Maysteel Industries and MCM Fabricators Incorporated that specialize in metal fabrication projects. With access to these local companies and the lower cost of living, Bremen truly offers something for everyone.
Bremen has an unemployment rate of 4.0%. The US average is 6.0%.
Bremen has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Bremen
- The Sales Tax Rate for Bremen is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bremen is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing ºÚÁÏÉçÇø.
Income and Salaries for Bremen
- The average income of a Bremen resident is $28,330 a year. The US average is $37,638 a year.
- The Median household income of a Bremen resident is $57,795 a year. The US average is $69,021 a year.