The small town of Otwell, Indiana provides an affordable option for those looking to escape the hustle and bustle of city life. With a population of just 475 people, Otwell is a quiet retreat with 2 bedroom rent at $840, considerably lower than the US average of $1,430. Grocery cost index in the area is also lower than average at 90 compared to 100 in the US.
Local businesses such as Gant鈥檚 Farm Equipment & Repair and The Country Store provide supplies for small-town living. In addition, there are traditional stores like Dollar General and Family Dollar for discounted prices on everyday items. People also enjoy shopping at nearby CVS Pharmacy and Walmart for groceries and household goods.
Otwell (zip 47564) has an unemployment rate of 4.5%. The US average is 6.0%.
Otwell (zip 47564) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Otwell (zip 47564)
- The Sales Tax Rate for Otwell (zip 47564) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Otwell (zip 47564) is 3.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Otwell (zip 47564)
- The average income of a Otwell (zip 47564) resident is $32,405 a year. The US average is $37,638 a year.
- The Median household income of a Otwell (zip 47564) resident is $65,625 a year. The US average is $69,021 a year.