Guernsey, IA is a small rural community located in Fayette County with a close-knit community atmosphere. It is home to several businesses such as Guernsey Farmers Coop, Stan's Family Restaurant, and R&S Lumber & Hardware Inc. The rental market for two-bedroom apartments is relatively inexpensive compared to the national average of $1,430, at only $860 per month. Additionally, grocery prices are slightly lower than the US average with an index of 98 versus 100 in the US. All in all, Guernsey is a great town for those looking for an affordable place to live while retaining access to local amenities and businesses.
Guernsey has an unemployment rate of 4.7%. The US average is 6.0%.
Guernsey has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Guernsey
- The Sales Tax Rate for Guernsey is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Guernsey 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 Guernsey
- The average income of a Guernsey resident is $25,497 a year. The US average is $28,555 a year.
- The Median household income of a Guernsey resident is $33,750 a year. The US average is $69,021 a year.