Olin, Iowa is a small town in Jones County with a population of around 1,000 people. It is known for its peaceful and tranquil atmosphere. The cost of living in Olin, IA is quite reasonable, with 2-bedroom rent typically costing $910 per month and the local Grocery Cost Index at 93 compared to the US average of 100. It’s no surprise then that many families have chosen to move here. There are several local stores and businesses including the Olin Family Market, a grocery store; Ray's Hardware Store; Acme Industries; Rose's Flower Shop; and Dave's Slots & Games Arcade. In addition to these places, Olin also boasts two churches: St Paul Lutheran Church and Free Methodist Church. With so much to offer in terms of affordability and convenience, it’s not hard to see why Olin has become such a popular place to call home.
Olin has an unemployment rate of 5.3%. The US average is 6.0%.
Olin has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Olin
- The Sales Tax Rate for Olin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Olin 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 Olin
- The average income of a Olin resident is $21,545 a year. The US average is $28,555 a year.
- The Median household income of a Olin resident is $58,533 a year. The US average is $69,021 a year.