Lincoln, IA is a city located in Iowa and has an array of attractions to offer. Some of these attractions include the Lincoln Speedway which hosts numerous races throughout the year, and Keokuk County Historical Museum which is home to many artifacts from pre-colonial times. The cost of living is relatively low; the average rent for a two-bedroom apartment here is $730 compared to the US average of $1,430. Groceries are also cheaper in Lincoln with its grocery cost index at 91 versus 100 in the US. Additionally, local companies such as Pork King Sausage, AEGIS Senior Solutions, and D&D Elevator all call Lincoln home. With so much to offer in terms of attractions and affordable costs of living, it's no wonder why so many people choose to live in Lincoln.
Lincoln has an unemployment rate of 5.4%. The US average is 6.0%.
Lincoln has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $19,271 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $52,750 a year. The US average is $69,021 a year.