Ottumwa, IA is a great place to live with many amenities and attractions. It is a relatively inexpensive area in comparison to other places in the US. The average two-bedroom rent in Ottumwa is $790 compared to the US average of $1,430. In addition, the grocery cost index in Ottumwa is 92 compared to 100 in the US. This makes it a very affordable place for residents.
It is also home to several companies such as John Deere, Hy-Vee, WalMart and more. There are plenty of activities for locals and visitors alike including Adventureland Amusement Park, Cahill Park Sports Complex and Wapello County Historical Museum. With an array of businesses and attractions, Ottumwa gives residents an enjoyable lifestyle that won’t break the bank.
Ottumwa has an unemployment rate of 5.2%. The US average is 6.0%.
Ottumwa has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Ottumwa
- The Sales Tax Rate for Ottumwa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ottumwa 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 Ottumwa
- The average income of a Ottumwa resident is $20,694 a year. The US average is $28,555 a year.
- The Median household income of a Ottumwa resident is $48,198 a year. The US average is $69,021 a year.