Cost of Living Index
The Fort Wayne MSA, which is part of Northeast Indiana, has been below the national average in cost of living for years. Combine this with our low cost of doing business and affordable housing and you'll see why companies choose Northeast Indiana.
Housing Affordability
| 2010 Median Sales Prices for Metro, Existing Single Family Homes |
|
Metro |
Price |
| Toledo |
$81,500 |
| Grand Rapids |
$91,500 |
| Fort Wayne |
$97,400 |
| Akron |
$108,900 |
| Indianapolis |
$123,300 |
| Cincinnati |
$128,000 |
| Louisville |
$134,600 |
| Columbus, OH |
$136,400 |
| Lexington |
$143,200 |
| United States |
$173,200 |
Source: Copyright National Association of Realtors®. Reprinted with permission.
| Apartments |
| Type |
Average Monthly Price |
| 3 Bedroom Apartment |
$687
|
| 2 Bedroom Apartment |
$565
|
Source: Apartment Association of FW. 4thQ2010, conventional mkt only
State & Local Taxes
For more information on state and local taxes visit the Indiana Department of Revenue.
|
Personal Income Tax |
|
State |
Local Resident (COIT/CEDIT/CAGIT) |
| Earned and Unearned Income |
3.4% |
1.0%-2.1% |
Source: Indiana Department of Revenue
|
Sales Tax |
| State Sales Tax |
7% |
| Local Sales Tax |
no |
Source: Indiana Department of Revenue
|
Property Tax |
| Property taxes in Indiana are administered at the local level with oversight by the Indiana Department of Local Government Finance. Each taxing district has varying credits available for Real Estate and Other Personal Property, as well as varying state and local, homestead credits or additional COIT credits available. For more information about property taxes visit IN.gov. |
Source: Indiana Department of Revenue