Mason City, IA Metro Area is a great place to live. It has a relatively low cost of living compared to the rest of the US. Two bedroom rent in Mason City, IA Metro area is only $830 compared to the national average of $1,430. Grocery costs are also lower in Mason City with a cost index of 93 compared to the US at 100. This metro area is home to several large companies including John Deere, Winnebago Industries and United Fire Group. There are also plenty of smaller businesses that make up for a vibrant local economy.
Mason City Metro Area has an unemployment rate of 4.4%. The US average is 6.0%.
Mason City Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Mason City Metro Area
- The Sales Tax Rate for Mason City Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mason City Metro Area 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 Mason City Metro Area
- The average income of a Mason City Metro Area resident is $27,204 a year. The US average is $28,555 a year.
- The Median household income of a Mason City Metro Area resident is $58,753 a year. The US average is $69,021 a year.