Economy in Westphalia, Iowa
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Economy
| Unemployment Rate | 4.90% | 9.10% |
| Recent Job Growth | 1.68% | -0.12% |
| Future Job Growth | 38.46% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 8.98% | 6.25% |
| Income per Cap. | $21,419 | $27,067 |
| Household Income | $45,969 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.21% | 12.10% |
| Income between 15K and 25K | 7.55% | 10.18% |
| Income between 25K and 35K | 11.32% | 10.56% |
| Income between 35K and 50K | 24.53% | 14.98% |
| Income between 50K and 75K | 24.53% | 19.53% |
| Income between 75K and 100K | 13.21% | 12.52% |
| Income between 100K and 150K | 1.89% | 12.14% |
| Income between 150K and 250K | 1.89% | 3.91% |
| Income between 250K and 500K | 1.89% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 16.67% | 13.81% |
| Professional and Related Occupations | 20.83% | 22.68% |
| Service | 8.33% | 14.51% |
| Sales and Office | 27.78% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 6.94% | 9.37% |
| Production, Transportation, and Material Moving | 23.61% | 15.86% |
The unemployment rate in Westphalia, IA, is 4.90%, with job growth of 1.68%. Future job growth over the next ten years is predicted to be 38.46%.
Westphalia, IA Taxes
Westphalia, IA,sales tax rate is 7.00%. Income tax is 8.98%.
Westphalia, IA Income and Salaries
The income per capita is $21,419, which includes all adults and children. The median household income is $45,969.
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