Charles City, IA is a small but vibrant city situated in the northeastern part of the state. Home to around 7,600 people, Charles City is a great place to live and work with many local businesses providing services in the area. These businesses include Walmart Supercenter, Hy-Vee Food Store, Runnings Farm & Fleet, and Midway Tire & Auto Repair. The cost of living in Charles City is quite affordable for those looking for housing; 2 bedroom rent in this city is $810 compared to the US average of $1,430. Grocery prices are also lower than average when compared to the US as a whole with an index of 93 versus 100 in the US. This makes Charles City an attractive place for those looking for a good quality of life at an affordable price.
Charles City has an unemployment rate of 4.6%. The US average is 6.0%.
Charles City has seen the job market decrease by -9.9% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Charles City
- The Sales Tax Rate for Charles City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Charles 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 Charles City
- The average income of a Charles City resident is $28,239 a year. The US average is $37,638 a year.
- The Median household income of a Charles City resident is $44,775 a year. The US average is $69,021 a year.