Lytton, IA is a small town situated in the Midwest region of the United States. Rent in Lytton is much more affordable than other parts of the US, with a two-bedroom apartment costing approximately $720 per month compared to an average of $1,430 for the whole country. The cost of groceries in Lytton is relatively low as well; the Grocery Cost Index in Lytton was measured at 91 versus 100 in the US. The city boasts a number of local businesses such as Kimball's Country Store, Giddings and Son Hardware Store, and Smith's Cafe. Lytton provides a great quality of life due to its low living costs compared to other parts of the US while still offering plenty of opportunities for workers and entrepreneurs.
Lytton has an unemployment rate of 3.8%. The US average is 6.0%.
Lytton has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Lytton
- The Sales Tax Rate for Lytton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lytton 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 Lytton
- The average income of a Lytton resident is $24,024 a year. The US average is $28,555 a year.
- The Median household income of a Lytton resident is $47,500 a year. The US average is $69,021 a year.