Garner, IA Economy


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United States / Iowa / No Metro Area / Hancock County / Garner / Zip Codes
Garner, IA is a pleasant small town located in Iowa with a population under 3,000 people. It has several local businesses such as Garner State Farm, Exira State Bank, and Burkett's Tire & Service that contribute to the local economy. The cost of living in Garner is lower than the US average; rent for two bedroom apartments costs $780 while the US average is $1,430. Additionally, the Grocery Cost Index in Garner is 96 versus 100 in the US which makes it an economical place to live.

Garner has an unemployment rate of 3.8%. The US average is 6.0%.

Garner has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.

Tax Rates for Garner
- The Sales Tax Rate for Garner is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Garner 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 Garner
- The average income of a Garner resident is $26,702 a year. The US average is $28,555 a year.
- The Median household income of a Garner resident is $68,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGarner, IowaUnited States
  3.86
  -5.6%-6.2%
  19.7%33.5%
  7.0%6.2%
  7.4%4.6%
  $32,114$37,638
  $68,750$69,021
  $79,147$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  2.6%6.8%
  19.1%10.0%
  5.7%2.5%
  17.6%11.0%
  7.3%4.8%
  0.0%0.8%
  1.7%1.9%
  1.4%4.7%
  0.6%1.9%
  6.6%7.6%
  0.0%0.1%
  1.0%4.2%
  9.0%9.3%
  12.0%14.0%
  2.0%2.1%
  4.0%7.0%
  4.9%4.8%
  2.5%4.7%
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