Luxemburg, IA is a small city located in the northeastern corner of the state. It is home to a few local companies, such as Luxemburg Motors, Luxemburg Veterinary Clinic, and Jansen's Custom Butchering. The cost of living in Luxemburg is lower than the US average; for instance, 2 bedroom rent is $920 compared to $1,430 across the country. The Grocery Cost Index in Luxemburg is 95 versus 100 nationally. Overall, in Luxemburg you can expect to pay less for everyday expenses while still taking advantage of the unique offerings that come with living in a smaller city.
Luxemburg has an unemployment rate of 4.8%. The US average is 6.0%.
Luxemburg has seen the job market increase by 0.3% 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 Luxemburg
- The Sales Tax Rate for Luxemburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Luxemburg 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 Luxemburg
- The average income of a Luxemburg resident is $27,305 a year. The US average is $28,555 a year.
- The Median household income of a Luxemburg resident is $73,438 a year. The US average is $69,021 a year.