Grafton, IA is a small city located in the northern part of Iowa. It is known for its friendly atmosphere and welcoming citizens. The cost of living in Grafton, IA is comparatively cheaper than the national average. Two bedroom rental apartments cost just $800 whereas the US average stands at $1,430. Similarly, the Grocery Cost Index in Grafton, IA is 93 as compared to 100 in the US.
Grafton's economy is largely based on agriculture and business services. There are many locally owned businesses including restaurants, cafes and shops that cater to the needs of the residents. Some popular attractions include Koser Spring Park which offers plenty of outdoor activities such as hiking and picnicking along with a variety of sports facilities; Grafton Aquatic Center which has a 25m pool for swimming lessons; Grafton Grill & Pub which serves an extensive menu of American cuisine; and Frisbee Golf Course which has nine holes ideal for playing disc golf.
Grafton has an unemployment rate of 4.7%. The US average is 6.0%.
Grafton has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Grafton
- The Sales Tax Rate for Grafton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grafton 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 Grafton
- The average income of a Grafton resident is $21,229 a year. The US average is $28,555 a year.
- The Median household income of a Grafton resident is $62,813 a year. The US average is $69,021 a year.