Sanborn, IA is a small town located in the southwestern part of the state. With a population of just under 1,000 people, it is the ideal location for those looking for a quiet area to call home. The cost of living here is quite reasonable; a two bedroom rental will run you around $790 per month compared to the US average of $1,430. Grocery costs are also significantly lower at an index rating of 93 versus 100 in the US.
The town has several local businesses such as Sanborn Packing Company, Sanborn Manufacturing Corporation and Sanborn Vet Clinic that help make up the backbone of the local economy. There are several housing options available in the area including single-family homes, duplexes and apartments. For those looking for something more rural there are plenty of acres with buildable land if one wishes to develop their own property.
Sanborn has an unemployment rate of 3.3%. The US average is 6.0%.
Sanborn has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for Sanborn
- The Sales Tax Rate for Sanborn is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sanborn 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 Sanborn
- The average income of a Sanborn resident is $25,325 a year. The US average is $28,555 a year.
- The Median household income of a Sanborn resident is $48,571 a year. The US average is $69,021 a year.