Hopkinton, IA is a small town located in Delaware County. It has a variety of businesses and tourist attractions to explore. Businesses such as the Hopkinton Pharmacy, Marigold Treasures Boutique, and TLC Auto Repair are popular in the area. For tourists looking for something to do, popular attractions include the Backbone State Park with its hiking trails and camping sites, as well as historic buildings like the Old Stone Church. The cost of living in Hopkinton is quite affordable compared to other cities; according to data collected, 2 bedroom rent is $810 compared to the US average of $1,430 and grocery cost index is 96 versus 100 in the US.
Hopkinton has an unemployment rate of 3.7%. The US average is 6.0%.
Hopkinton has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Hopkinton
- The Sales Tax Rate for Hopkinton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hopkinton 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 Hopkinton
- The average income of a Hopkinton resident is $21,882 a year. The US average is $28,555 a year.
- The Median household income of a Hopkinton resident is $66,771 a year. The US average is $69,021 a year.