Swan, IA is a small city located in Iowa. It has a population of about 1,000 people and is situated close to Cedar Rapids. The cost of living in Swan is quite low compared to other cities in Iowa. The average two-bedroom rent is $1,120 per month which is much lower than the US rate of $1,430 per month. The grocery cost index for Swan stands at 97 as opposed to 100 for the US.
The city of Swan has several local businesses such as Smith’s Grocery Store, Big Joe’s auto shop and Mulholland Electrical. There are also numerous real estate companies that operate in the city offering assistance with property related services such as buying or renting houses and apartments. With its low living costs and local amenities, Swan has become an attractive destination for those looking to purchase or rent property near Cedar Rapids.
Swan has an unemployment rate of 3.3%. The US average is 6.0%.
Swan has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Swan
- The Sales Tax Rate for Swan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Swan 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 Swan
- The average income of a Swan resident is $14,044 a year. The US average is $28,555 a year.
- The Median household income of a Swan resident is $82,500 a year. The US average is $69,021 a year.