Ladora, IA is a small town situated in Iowa, known for its affordable living costs. Rent for a two-bedroom apartment in the area averages at $810 while the US average is much higher at $1,430. Furthermore, the Grocery Cost Index of Ladora is 92 versus 100 in the US. The cost of living here makes it an attractive option for families and individuals looking to stretch their money further.
The economy of Ladora mostly consists of small businesses which cater to local needs. These include Diamond Sign Company providing signage and graphics solutions since 1981; Pro-Solutions Carpet Cleaning offering residential and commercial services; Erb's Roofing which specializes in roof repair and restoration services; and American Truck Equipment that manufactures mechanical truck equipment components. All these companies form an important part of Ladora’s local industry landscape creating jobs and sustaining economic growth in the area.
Ladora has an unemployment rate of 4.5%. The US average is 6.0%.
Ladora has seen the job market increase by 2.4% 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 Ladora
- The Sales Tax Rate for Ladora is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ladora 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 Ladora
- The average income of a Ladora resident is $30,789 a year. The US average is $28,555 a year.
- The Median household income of a Ladora resident is $52,500 a year. The US average is $69,021 a year.