Holstein, IA is a small city located in Northwest Iowa with a population of about 1,150. It is known for its beautiful rolling hills and rural farmland. The cost of living in Holstein is quite low compared to the US as a whole. The median 2 bedroom rent rate is $910, significantly lower than the US median at $1,430. Grocery costs are also significantly lower than average with an index score of 93 compared to 100 in the US. In addition to agriculture, there are many local businesses that drive the local economy including Holstein Insurance Agency, Haas Accounting Solutions and Holstein Veterinary Clinic.
Holstein has an unemployment rate of 3.8%. The US average is 6.0%.
Holstein has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Holstein
- The Sales Tax Rate for Holstein is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Holstein 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 Holstein
- The average income of a Holstein resident is $27,226 a year. The US average is $28,555 a year.
- The Median household income of a Holstein resident is $57,109 a year. The US average is $69,021 a year.