Eldon, IA is a small city located in Wapello County. It is a great place to settle down and start a family due to its low cost of living. The average 2 bedroom rent is much lower than the US average at $810 compared to $1,430. Similarly, the grocery cost index in Eldon is 91 versus 100 in the US. Local companies that contribute to the economic development of the city include Central Iowa Power Cooperative (CIPCO), Iowa Soybean Association, and Eldon Community School District. Furthermore, there are plenty of recreational activities such as hiking at Big Hollow Recreation Area or visiting nearby attractions like Lake Rathbun, which adds to its charm as a great community to call home.
Eldon has an unemployment rate of 4.7%. The US average is 6.0%.
Eldon has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Eldon
- The Sales Tax Rate for Eldon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Eldon 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 Eldon
- The average income of a Eldon resident is $18,829 a year. The US average is $28,555 a year.
- The Median household income of a Eldon resident is $39,231 a year. The US average is $69,021 a year.