Mason City, IA is located in North Central Iowa and is known for its vibrant culture and booming economy. It’s home to many major employers such as Winnebago Industries, Hy-Vee, Inc., and Mason City Clinic. The cost of living in Mason City is very good compared to the United States as a whole. Rent for a two bedroom apartment averages $840 per month whereas the US average for the same accommodation is $1,430. Similarly, grocery Cost Index in Mason City is 92 versus 100 in the US making it more affordable than national average. This makes Mason City a great choice for anyone looking to live somewhere affordable yet with plenty of opportunities to explore.
Mason City has an unemployment rate of 4.4%. The US average is 6.0%.
Mason City has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Mason City
- The Sales Tax Rate for Mason City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mason City 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 Mason City
- The average income of a Mason City resident is $26,065 a year. The US average is $28,555 a year.
- The Median household income of a Mason City resident is $56,009 a year. The US average is $69,021 a year.