Sloan, IA is a small town located in the midwest with a population of around 1,000 people. It offers an affordable cost of living with 2 bedroom apartments renting for approximately $960 per month, nearly 30% lower than the national average. Groceries are also relatively cheaper in Sloan with a grocery cost index of 95 compared to 100 for the US as a whole. The local economy is mainly supported by small businesses such as the Sloan Library, Sloan Auto Repair, Gail's Family Restaurant, and S&L Hardware Store. With its low cost of living and strong sense of community spirit, Sloan is an attractive option for those looking to buy or rent property.
Sloan has an unemployment rate of 4.5%. The US average is 6.0%.
Sloan 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 Sloan
- The Sales Tax Rate for Sloan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sloan 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 Sloan
- The average income of a Sloan resident is $25,120 a year. The US average is $28,555 a year.
- The Median household income of a Sloan resident is $83,571 a year. The US average is $69,021 a year.