Rock Rapids, IA is a small town in Iowa which offers great affordability to its residents. The average rent for a 2 bedroom apartment is only $810/month, which is significantly lower than the national average of $1,430. Additionally, grocery costs are also lower with an index of 95 compared to 100 nationally. As such, Rock Rapids proves to be an attractive place for those looking for affordable living without sacrificing the quality of life. Within the town there are several local companies including Farmers State Bank and Rock Rapids Municipal Utilities. All in all, Rock Rapids provides excellent value for money by offering lower living expenses than the US as a whole.
Rock Rapids has an unemployment rate of 2.7%. The US average is 6.0%.
Rock Rapids has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Rock Rapids
- The Sales Tax Rate for Rock Rapids is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rock Rapids 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 Rapids
- The average income of a Rock Rapids resident is $26,185 a year. The US average is $28,555 a year.
- The Median household income of a Rock Rapids resident is $66,473 a year. The US average is $69,021 a year.