Des Moines, IA is a great place to live with lower than average rent for a two bedroom apartment. At just $1,020/ month, renting in Des Moines is significantly more affordable than the US average of $1,430/ month. Not only are rent costs low, but grocery costs are also very reasonable with an index of 96 compared to the national average of 100.
The city of Des Moines offers many attractions. The Iowa State Fair attracts more than 1 million visitors annually and Wells Fargo Arena plays host to nationally renowned acts. Other attractions include the Blank Park Zoo, the Pappajohn Sculpture Park and the Science Center of Iowa. Local businesses include Principal Financial Group and Meredith Corporation as well as numerous small businesses throughout the city.
Des Moines has an unemployment rate of 5.9%. The US average is 6.0%.
Des Moines has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Des Moines
- The Sales Tax Rate for Des Moines is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Des Moines 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 Des Moines
- The average income of a Des Moines resident is $23,989 a year. The US average is $28,555 a year.
- The Median household income of a Des Moines resident is $58,444 a year. The US average is $69,021 a year.