Salix, IA Economy


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Salix, IA is a small town located in western Iowa. It is a great place to live with an affordable cost of living. The rent for a two-bedroom apartment in Salix is $810 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Salix is 97 compared to 100 in the US, making it a great place for those on a budget. Salix also has plenty of local companies and attractions for residents to enjoy. Some popular businesses include Salix Community Bank, Real Estate One, and Salix Auto Body Shop. There are also many natural attractions to explore such as the riverside park and nearby hiking trails.

Salix has an unemployment rate of 4.5%. The US average is 6.0%.

Salix has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.

Tax Rates for Salix
- The Sales Tax Rate for Salix is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Salix 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 Salix
- The average income of a Salix resident is $25,183 a year. The US average is $28,555 a year.
- The Median household income of a Salix resident is $65,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySalix, IowaUnited States
  4.56
  -6.1%-6.2%
  22.7%33.5%
  7.0%6.2%
  7.4%4.6%
  $31,637$37,638
  $65,750$69,021
  $83,393$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  11.0%6.8%
  14.3%10.0%
  2.6%2.5%
  16.5%11.0%
  2.6%4.8%
  0.7%0.8%
  0.0%1.9%
  8.8%4.7%
  0.4%1.9%
  1.5%7.6%
  0.0%0.1%
  2.9%4.2%
  2.9%9.3%
  17.6%14.0%
  4.4%2.1%
  7.0%7.0%
  2.6%4.8%
  2.2%4.7%
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