Northboro, IA is a small town with an approximate population of 2000 people. It is home to various local businesses such as the Northboro Grocery Store, Northboro Garage, and The Corner Cafe. This small town offers lower rent prices than the national average. 2 bedroom apartments in Northboro, IA cost $710 while the US 2 bedroom rent averages $1,430. Similarly, grocery costs are much cheaper in Northboro with an index of 91 compared to 100 nationally. This makes it a great place for people looking for more affordable living prices than other areas.
Northboro has an unemployment rate of 4.0%. The US average is 6.0%.
Northboro has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Northboro
- The Sales Tax Rate for Northboro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Northboro 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 Northboro
- The average income of a Northboro resident is $17,933 a year. The US average is $28,555 a year.
- The Median household income of a Northboro resident is $82,857 a year. The US average is $69,021 a year.