Laurel, IA is a quaint city located in Jones County. It is known as a peaceful and friendly community with a population of around 1,400 people. The average rent for a 2 bedroom apartment in Laurel is $850, which is less than the US average of $1,430. Additionally, the grocery cost index in Laurel is 94 versus 100 in the US. This makes it an attractive destination for those looking to save on living expenses without sacrificing quality of life.
In terms of local businesses, there are several options for residents of Laurel to choose from. These include Jo’s Grocery Store, Floyds Pharmacy and Family Medical Center, Shipley Appliance Repair Service, Johnson Auto Body Repairs, and Thompson Beauty Shop & Salon. All these businesses provide great quality services to locals at an affordable price.
Laurel has an unemployment rate of 7.8%. The US average is 6.0%.
Laurel 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 Laurel
- The Sales Tax Rate for Laurel is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel 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 Laurel
- The average income of a Laurel resident is $17,755 a year. The US average is $28,555 a year.
- The Median household income of a Laurel resident is $45,417 a year. The US average is $69,021 a year.