Lenox, IA is a small town located in Iowa with an estimated population of 1,500 people. Rent for a two bedroom apartment is more affordable in Lenox than the US average at $820 per month compared to $1,430 per month in the US. The grocery cost index in Lenox is also lower with a rating of 94 versus 100 nationally. Local companies that reside in Lenox include CMBJ Enterprises, IPTV Media Services, and Wade's Welding & Fabrication. All have helped to add to the economic growth of the city by providing employment opportunities for its residents.
Lenox has an unemployment rate of 3.3%. The US average is 6.0%.
Lenox has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Lenox
- The Sales Tax Rate for Lenox is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lenox 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 Lenox
- The average income of a Lenox resident is $22,594 a year. The US average is $28,555 a year.
- The Median household income of a Lenox resident is $52,273 a year. The US average is $69,021 a year.