Davenport, IA is an ideal place to live for those looking to save money. The city has lower than average rental costs, with an average two-bedroom apartment costing $900 per month compared to the US average of $1430. Groceries are also more affordable in Davenport than in other parts of the country, with a grocery cost index of 95 compared to 100 in the US. Living in Davenport gives residents access to several local businesses and attractions, such as Figge Art Museum, Putnam Museum & Science Center, the Family Museum, and many other entertainment venues. Additionally, local employers like Genesis Health System and Lee Enterprises provide ample employment opportunities for those living in Davenport.
Davenport has an unemployment rate of 6.1%. The US average is 6.0%.
Davenport has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Davenport
- The Sales Tax Rate for Davenport is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Davenport is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Davenport
- The average income of a Davenport resident is $24,864 a year. The US average is $28,555 a year.
- The Median household income of a Davenport resident is $56,315 a year. The US average is $69,021 a year.