Redfield, IA Economy


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Redfield, IA is a great small town with much to offer. With a 2 bedroom rent at just $1,130, it is significantly lower than the national average of $1,430. Because of this lower cost of living, Redfield is an attractive option for those looking to save money without compromising on quality. The grocery cost index in Redfield is also considerably lower than the US average at 95 versus 100 respectively. \nThe city of Redfield offers residents many opportunities for leisure and entertainment. Locally owned businesses like Redfield Pizza and Johnson's Hardware provide excellent products and services to the local community. For outdoor activities residents can visit nearby Lakebayou State Park or take their pick from one of the many golf courses in the area. With its low cost of living and plentiful attractions, Redfield is an ideal place to call home.

Redfield has an unemployment rate of 3.0%. The US average is 6.0%.

Redfield has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 45.2%, which is higher than the US average of 33.5%.

Tax Rates for Redfield
- The Sales Tax Rate for Redfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Redfield 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 Redfield
- The average income of a Redfield resident is $25,068 a year. The US average is $28,555 a year.
- The Median household income of a Redfield resident is $70,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRedfield, IowaUnited States
  36
  -6.0%-6.2%
  45.2%33.5%
  7.0%6.2%
  7.4%4.6%
  $26,931$37,638
  $70,750$69,021
  $71,750$85,028
  Population by Occupation
  3.7%1.2%
  0.0%0.5%
  6.7%6.8%
  16.0%10.0%
  4.5%2.5%
  14.4%11.0%
  6.7%4.8%
  0.8%0.8%
  2.4%1.9%
  10.4%4.7%
  9.6%1.9%
  0.5%7.6%
  0.0%0.1%
  5.1%4.2%
  6.1%9.3%
  7.5%14.0%
  0.0%2.1%
  3.7%7.0%
  0.8%4.8%
  1.1%4.7%
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