Martinsburg, IA is a small town located in the Midwest. It has an affordable cost of living compared to other parts of the United States; for example, the average two bedroom rent is $730, which is significantly lower than the US average of $1,430. Additionally, Martinsburg’s grocery cost index is 92 versus the national index of 100. This makes it a great option for those looking to keep their living expenses low. Some notable local businesses include Ballard's Auto Repair and Towing, Martinsburg Grocery Store, and McClure Realty Group LLC.
Martinsburg has an unemployment rate of 4.8%. The US average is 6.0%.
Martinsburg has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 16.1%, which is lower than the US average of 33.5%.
Tax Rates for Martinsburg
- The Sales Tax Rate for Martinsburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Martinsburg 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 Martinsburg
- The average income of a Martinsburg resident is $20,284 a year. The US average is $28,555 a year.
- The Median household income of a Martinsburg resident is $38,125 a year. The US average is $69,021 a year.