Paton, IA is a small town in Iowa with a population of around 700 people. This rural community offers affordable living costs compared to the rest of the United States. For example, the average rent for a two bedroom property is $820 while it is $1,430 in the US. Furthermore, the Grocery Cost Index in Paton is 92 versus 100 in the US. Companies that operate in Paton are Central Valley Ag Coop, which offers agricultural services such as grain elevator storage and feed milling services; JMS Detergent Manufacturing Co which manufactures and distributes industrial and institutional cleaning products; Home TownWoods LLC which manufactures high-quality wood pellets from Midwest hardwoods; and Brown's Garage & Auto Body Shop which provides auto repairs and maintenance services.
The cost of living in Paton is much lower than other parts of Iowa due to its rural location, making it an ideal place to live for those who wish to save money without sacrificing quality amenities and conveniences.
Paton has an unemployment rate of 3.3%. The US average is 6.0%.
Paton has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 21.8%, which is lower than the US average of 33.5%.
Tax Rates for Paton
- The Sales Tax Rate for Paton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Paton 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 Paton
- The average income of a Paton resident is $21,149 a year. The US average is $28,555 a year.
- The Median household income of a Paton resident is $63,750 a year. The US average is $69,021 a year.