De Soto, IA is a small city located in central Iowa. It is known for its down-to-earth, friendly atmosphere and local businesses that are an integral part of the community. The cost of living in De Soto is attractive; two bedroom rent costs $850 per month compared to the US average of $1,430. Additionally, grocery items here have an index rating of 96 percent relative to the US average and provide De Soto residents with more affordable ways to eat. A few companies to note are The Packing Company, which provides fresh pork products and Cambridge Manufacturing Inc., offering custom plastic injection molding services.
De Soto has an unemployment rate of 3.0%. The US average is 6.0%.
De Soto has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.
Tax Rates for De Soto
- The Sales Tax Rate for De Soto is 6.0%. The US average is 7.3%.
- The Income Tax Rate for De Soto 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 De Soto
- The average income of a De Soto resident is $22,779 a year. The US average is $28,555 a year.
- The Median household income of a De Soto resident is $76,477 a year. The US average is $69,021 a year.