French Lick, IN is a small rural town located in the Southern part of Indiana. With a population of 4,743, it's a great place to enjoy a relaxed lifestyle with plenty of local amenities. Rent for two-bedroom apartments in French Lick is $840 per month, which is significantly lower than the US average rent of $1,430. Additionally, grocery costs in French Lick are inexpensive compared to the US average; with an index rating of 92 versus 100.
The local economy relies heavily on agriculture and tourism. Home to two casinos and several golf courses operated by the French Lick Resort Casino Hotel, it attracts many visitors each year from all over the Midwest. These businesses employ locals and drive economic growth in French Lick. Other notable employers include Hoosier Energy Rural Electric Cooperative Inc., Orange County Public Library System, and IFrame Technologies LLC.
French Lick (zip 47432) has an unemployment rate of 5.7%. The US average is 6.0%.
French Lick (zip 47432) has seen the job market decrease by -9.8% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for French Lick (zip 47432)
- The Sales Tax Rate for French Lick (zip 47432) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for French Lick (zip 47432) is 4.5%. The US average is 4.6%.
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Income and Salaries for French Lick (zip 47432)
- The average income of a French Lick (zip 47432) resident is $26,668 a year. The US average is $37,638 a year.
- The Median household income of a French Lick (zip 47432) resident is $55,551 a year. The US average is $69,021 a year.