Ollie, IA is a small town located in Iowa. The area is known for its quaint atmosphere and friendly locals. In Ollie, the cost of rent is much lower than the national average, coming in at $790 for a two bedroom compared to the US average of $1,430. Additionally, the grocery cost index in Ollie is 94 versus 100 for the US meaning groceries are slightly cheaper than other areas. The area has many local businesses such as Ollie's Hardware Store and Grocery, which provide essential goods to residents and visitors. Overall, living in Ollie can be very affordable when considering rent costs as well as general everyday expenses making it an attractive option for those looking to enjoy small town life without breaking their budget.
Ollie has an unemployment rate of 4.8%. The US average is 6.0%.
Ollie 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 Ollie
- The Sales Tax Rate for Ollie is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ollie 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 Ollie
- The average income of a Ollie resident is $21,208 a year. The US average is $28,555 a year.
- The Median household income of a Ollie resident is $51,250 a year. The US average is $69,021 a year.