Economy in Algona, Iowa
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Economy
| Unemployment Rate | 5.20% | 9.10% |
| Recent Job Growth | 0.80% | -0.12% |
| Future Job Growth | 36.40% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.98% | 6.25% |
| Income per Cap. | $23,864 | $27,067 |
| Household Income | $45,271 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 12.05% | 12.10% |
| Income between 15K and 25K | 13.49% | 10.18% |
| Income between 25K and 35K | 11.31% | 10.56% |
| Income between 35K and 50K | 19.29% | 14.98% |
| Income between 50K and 75K | 20.86% | 19.53% |
| Income between 75K and 100K | 12.48% | 12.52% |
| Income between 100K and 150K | 6.64% | 12.14% |
| Income between 150K and 250K | 2.97% | 3.91% |
| Income between 250K and 500K | 0.83% | 3.34% |
| Income greater than 500K | 0.09% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.06% | 13.81% |
| Professional and Related Occupations | 20.75% | 22.68% |
| Service | 14.54% | 14.51% |
| Sales and Office | 23.34% | 25.22% |
| Farming, Fishing, and Forestry | 1.35% | 0.68% |
| Construction, Extraction, and Maintenance | 6.88% | 9.37% |
| Production, Transportation, and Material Moving | 21.53% | 15.86% |
The unemployment rate in Algona, IA, is 5.20%, with job growth of 0.80%. Future job growth over the next ten years is predicted to be 36.40%.
Algona, IA Taxes
Algona, IA,sales tax rate is 7.00%. Income tax is 8.98%.
Algona, IA Income and Salaries
The income per capita is $23,864, which includes all adults and children. The median household income is $45,271.
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