Haverhill, IA is a small town located in Iowa that offers a great quality of life. The cost of living is much lower than the national average, with the median two bedroom rent being $780 compared to $1,430 nationally. The grocery cost index is also lower at 93 versus 100 in the US. \nThe local economy in Haverhill is supported by businesses such as Henkel Construction, David Noyes Excavating, and Marion County Bank. There are also many farming and dairy operations in the region. Three interesting facts about Haverhill are that it was founded in 1852, it has its own golf course, and it hosts an annual Germanfest celebration every summer.
Haverhill has an unemployment rate of 7.8%. The US average is 6.0%.
Haverhill has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Haverhill
- The Sales Tax Rate for Haverhill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Haverhill 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 Haverhill
- The average income of a Haverhill resident is $29,653 a year. The US average is $28,555 a year.
- The Median household income of a Haverhill resident is $64,375 a year. The US average is $69,021 a year.