Sioux City, IA is a small city located in the northwest corner of Iowa, near the borders of South Dakota and Nebraska. It is home to several businesses including Tyson Foods, Hard Rock Hotel & Casino Sioux City and Wells Fargo Bank. The cost of living in Sioux City is quite affordable when compared to the US as a whole; for example, rent for a two bedroom apartment is $940 per month which is 35% lower than the national average at $1,430 per month. Additionally, grocery costs in Sioux City are 94 compared to 100 in the US, meaning groceries will be 6% cheaper. Therefore, Sioux City offers an affordable place to live with quality local businesses that can provide residents with employment opportunities.
Sioux City has an unemployment rate of 4.7%. The US average is 6.0%.
Sioux City 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 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Sioux City
- The Sales Tax Rate for Sioux City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sioux City 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 Sioux City
- The average income of a Sioux City resident is $22,395 a year. The US average is $28,555 a year.
- The Median household income of a Sioux City resident is $59,435 a year. The US average is $69,021 a year.