Castalia, IA is a small town located in the northern part of Iowa that is known for its charming atmosphere and affordability. The median rent for a two bedroom apartment in Castalia is quite low at $780 compared to the US average of $1,430. Additionally, the cost of living in Castalia is also more affordable with a Grocery Cost Index of 94 compared to 100 in the US. This makes Castalia an ideal place to live for those looking for a more economical lifestyle.
The town offers many local businesses that provide employment and services to residents. These businesses include farms such as Waage Farms which grows corn and soybeans, as well as other local stores like Beck’s Hardware Store which sells home goods and appliances. The city also hosts events throughout the year hosted by organizations such as the Friends of Castalia Public Library which holds book sales and lectures.
Castalia has an unemployment rate of 5.3%. The US average is 6.0%.
Castalia has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Castalia
- The Sales Tax Rate for Castalia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Castalia 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 Castalia
- The average income of a Castalia resident is $27,818 a year. The US average is $28,555 a year.
- The Median household income of a Castalia resident is $46,667 a year. The US average is $69,021 a year.