Garden City, IA is a great city to live in with its affordable two bedroom rent of $770. Although the US average two bedroom rent is higher at $1,430, the grocery cost index for Garden City is 92 compared to 100 in the US which makes it more economical than other cities. There are many local companies in Garden City that contribute to its thriving economy such as Hy-Vee grocery store, Garden City Public Library and Washington National Insurance Company. These businesses provide jobs and resources for the community which helps keep people living more comfortably in this city.
Garden City has an unemployment rate of 4.5%. The US average is 6.0%.
Garden City 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 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Garden City
- The Sales Tax Rate for Garden City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Garden City 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 Garden City
- The average income of a Garden City resident is $73,436 a year. The US average is $28,555 a year.
- The Median household income of a Garden City resident is $56,250 a year. The US average is $69,021 a year.