Marshalltown, IA is a charming city located in Central Iowa. It boasts an affordable cost of living with a two bedroom rent averaging $830 compared to the national average of $1,430. Additionally, the local grocery cost index is 94 compared to the US national average of 100. Residents can enjoy the many attractions Marshalltown has to offer like Fisher Community Center which features an indoor pool and fitness center, or they can simply take a stroll through downtown Marshalltown and explore its unique shopping and dining options. The city also hosts several events throughout the year such as Hempstead High School's annual summer band concert series, and members of the community can volunteer for various companies like Pella Corporation or Vermeer Corporation that are based in Marshalltown.
Marshalltown has an unemployment rate of 9.7%. The US average is 6.0%.
Marshalltown has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 9.3%, which is lower than the US average of 33.5%.
Tax Rates for Marshalltown
- The Sales Tax Rate for Marshalltown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Marshalltown 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 Marshalltown
- The average income of a Marshalltown resident is $22,512 a year. The US average is $28,555 a year.
- The Median household income of a Marshalltown resident is $57,367 a year. The US average is $69,021 a year.