Lamont, IA is a small town located in Iowa. It is known for its close-knit community and friendly neighbors. The town offers a variety of activities including outdoor recreation, local restaurants, and plenty of shopping. The cost of living in Lamont is quite affordable with the average two-bedroom rental being $880 compared to the US average of $1,430. Furthermore, the Grocery Cost Index in Lamont is 93 versus 100 in the US. This means that groceries are cheaper than the national average. There are many local businesses in Lamont such as Brown’s Grocery Store, Joe’s Bakery & Deli, and Ace Hardware & Sporting Goods which offer great prices on everyday items. All these factors make Lamont an attractive choice for those seeking an affordable place to live.
Lamont has an unemployment rate of 4.2%. The US average is 6.0%.
Lamont has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Lamont
- The Sales Tax Rate for Lamont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lamont 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 Lamont
- The average income of a Lamont resident is $22,042 a year. The US average is $28,555 a year.
- The Median household income of a Lamont resident is $51,719 a year. The US average is $69,021 a year.