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Griffith's economy benefits from manufacturing, healthcare, education, and construction. The city's unemployment rate is high at 7.6%, which is way above the national average. The median household income in Griffith is $64,265 per year, which is about $4,700 lower than the American average of $69,021.
The economy is growing slower than the national average. Griffith’s predicted job growth rate for the next decade is 28.5%, compared to the national rate expected to be 33.5%.
Industries offering the most jobs are healthcare (10.9%), metal & metal products (9.3%), education (6.3%), accommodation & food services (5.7%), construction (5.7%), professional, scientific, and technical services (4.4%), and finance/insurance (4.3%).
This little town has only three neighborhoods to explore and consider when moving here.
The Griffith Public Schools is the administrator for the public schools. The school district spends $11,087 each year on each student. The student-to-teacher ratio is reasonable at 15 to one.
There are two private schools in Griffith. They are Calumet Christian School (K to 12th) and St. Mary School (PK to 8th).
There are no colleges or universities in Griffith; however, there are 78 colleges and universities within 50 miles. Some four-year schools to consider include Indiana University Northwest (five miles away), Purdue University Calumet Campus (five miles away), and Calumet College of St. Joseph (11 miles away).
The Town of Griffith’s municipal government consists of five members on the Town Council. There is more information on the Town of Griffith's website.
The Griffith Parks and Recreation Department maintains the parks and recreational facilities, playgrounds, and bike trails. There are outdoor festivals, markets, cultural events, youth/child sports, and community programs.
The median price in Griffith is $257,000. The price trend has been stable since the prior years. The housing market is a buyer’s market, with more homes listed for sale than potential buyers. Housing costs are 15% lower than the national average. The cost of living is 8% higher than experienced in other Indiana cities and only 2% lower than the national average.