Baldwin, IA is a small town located in the Midwest with a population of 785 people. The cost of living is lower than the national average and rent for two bedrooms typically costs $820 compared to the US average of $1,430. Additionally, the grocery cost index is at 93 versus 100 in the US. With low expenses and a peaceful environment, Baldwin would be ideal for families and individuals looking to save money while still having access to amenities such as local businesses. In Baldwin there are many popular restaurants, shops, and other attractions like the historic Stone Barn Museum that make it a great place to visit or live. Some well-known companies in Baldwin include B&L Grocery Store, Lee's Lock & Key Services, and Laux Hardware & Supply Co.
Baldwin has an unemployment rate of 5.8%. The US average is 6.0%.
Baldwin has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Baldwin
- The Sales Tax Rate for Baldwin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Baldwin 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 Baldwin
- The average income of a Baldwin resident is $19,157 a year. The US average is $28,555 a year.
- The Median household income of a Baldwin resident is $40,313 a year. The US average is $69,021 a year.