Smithland, IA is a small town with a population of around 3,000 people. Despite its size, it is an active community with many local businesses such as Smithland Hardware and Smithland Cafe. For those looking to save on living costs, Smithland is a great place to live as the 2 bedroom rent averages at $890 which is significantly lower than the US average of $1,430. Similarly, grocery cost index in Smithland is 97 compared to 100 in the US. All in all, Smithland offers attractive living cost options compared to other places in the US.
Smithland has an unemployment rate of 4.5%. The US average is 6.0%.
Smithland 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 Smithland
- The Sales Tax Rate for Smithland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Smithland 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 Smithland
- The average income of a Smithland resident is $21,134 a year. The US average is $28,555 a year.
- The Median household income of a Smithland resident is $66,500 a year. The US average is $69,021 a year.