Marengo, IA is a small town with a pleasant, rural atmosphere. It's a great place to live for those looking for affordability and access to plenty of outdoor activities. The rental cost for a two bedroom apartment in Marengo, IA is $750 compared to the US average of $1,430 – making it an attractive option for people looking to save money. Further, the grocery cost index in Marengo is 94, lower than the national average of 100. \nSome of the local companies in Marengo include Mowrey Elevator Company, J&L Meats, and Rides Auto Sales. Mowrey Elevator specializes in farm feed services and storage. J&L Meats is a family-owned butcher shop that has been serving the Marengo community since 2000. Finally, Rides Auto Sales offers pre-owned vehicles at competitive prices as well as auto maintenance services.
Marengo has an unemployment rate of 4.5%. The US average is 6.0%.
Marengo has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Marengo
- The Sales Tax Rate for Marengo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marengo 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 Marengo
- The average income of a Marengo resident is $20,730 a year. The US average is $28,555 a year.
- The Median household income of a Marengo resident is $58,804 a year. The US average is $69,021 a year.