Diamondhead Lake, Iowa is a small city located in southern Iowa with a population of approximately 5,000 people. It is known for its beautiful lake and the many recreational activities that can be done around it. Local businesses in Diamondhead Lake include The Fishing Shack, which specializes in fishing gear, clothing, and supplies; Lakeview Pharmacy; and B&B Outfitters for camping equipment.The cost of living in Diamondhead Lake is relatively low compared to the average US prices. For example, the median rent for a two-bedroom apartment is around $900 per month while the national median of two-bedroom rent is at $1,430 per month. The grocery cost index for Diamondhead Lake is 95% compared to 100% nationally. This means that food items are slightly cheaper than other parts of America.
Diamondhead Lake has an unemployment rate of 4.4%. The US average is 6.0%.
Diamondhead Lake has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Diamondhead Lake
- The Sales Tax Rate for Diamondhead Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Diamondhead Lake 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 Diamondhead Lake
- The average income of a Diamondhead Lake resident is $57,713 a year. The US average is $28,555 a year.
- The Median household income of a Diamondhead Lake resident is $93,938 a year. The US average is $69,021 a year.