Rock Falls, IA is a small but vibrant town that offers a lot for its residents. The cost of living is relatively low compared to the national average, with two bedroom rent being $850 compared to the US rate of $1,430. Additionally, the Grocery Cost Index in Rock Falls is 93, which further adds to its affordability.
Locally, there are several businesses and establishments like King's Hardware & Rental and Bakery Express that offer goods and services to citizens of Rock Falls. There is also Rock Falls Animal Clinic for pet owners who want quality veterinary care for their pets. With all these options available in town, it's safe to say that Rock Falls is an ideal place to live and work.
Rock Falls has an unemployment rate of 4.3%. The US average is 6.0%.
Rock Falls has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Rock Falls
- The Sales Tax Rate for Rock Falls is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rock Falls 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 Rock Falls
- The average income of a Rock Falls resident is $22,623 a year. The US average is $28,555 a year.
- The Median household income of a Rock Falls resident is $45,000 a year. The US average is $69,021 a year.