Middletown, IA is a small town with a lot of charm and character. It has a low cost of living compared to many other towns in the area, with 2 bedroom rent being only $960 per month. Groceries are also much cheaper when compared to the US average, making it a great place for anyone looking to save money. The town is also home to many local businesses that provide employment opportunities as well as goods and services for residents. Companies such as Middletown Bakery & Cafe, Milner Electronics, and Middletown Pharmacy offer quality products and services for locals. These businesses also provide jobs for people in the community which helps keep the economy strong. The town has great access to education, outdoor recreation opportunities, and plenty of activities for all ages. All these factors make Middletown an attractive place to live that offers security, affordability, and quality of life that can't be found anywhere else!
Middletown has an unemployment rate of 6.0%. The US average is 6.0%.
Middletown has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Middletown
- The Sales Tax Rate for Middletown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Middletown 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 Middletown
- The average income of a Middletown resident is $21,635 a year. The US average is $28,555 a year.
- The Median household income of a Middletown resident is $62,188 a year. The US average is $69,021 a year.