Carbon, IA is an affordable city with a cost of living that is significantly below the US average, making it an attractive destination for those looking to save money. The 2 bedroom rent in Carbon is only $890 compared to the US average of $1,430, and even grocery costs are lower with an index score of 87 versus 100 in the US. The area has many local businesses and attractions that make it an attractive place to live. Local restaurants like El Paraiso Mexican Restaurant offer delicious cuisine for residents and visitors alike. There are also several parks and lakes to explore such as Big Creek State Park, which offers fishing, boating, camping and trails for biking or hiking. Carbon is a great choice for those looking for an affordable small town lifestyle.
Carbon has an unemployment rate of 3.0%. The US average is 6.0%.
Carbon has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 11.0%, which is lower than the US average of 33.5%.
Tax Rates for Carbon
- The Sales Tax Rate for Carbon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Carbon 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 Carbon
- The average income of a Carbon resident is $17,843 a year. The US average is $28,555 a year.
- The Median household income of a Carbon resident is $39,583 a year. The US average is $69,021 a year.