Templeton, IA is an excellent place to live for those who are looking for an affordable cost of living. The two bedroom rent is $780, which is significantly lower than the US average of $1,430. Additionally, Templeton has a grocery cost index of 95 compared to 100 in the US. This makes food and groceries quite affordable without needing to break the bank. Living in Templeton also offers great job opportunities as many local companies are located here such as Johnson Automotive Services, G&S Electrical Contractors Inc, and Wade’s Refrigeration & Air Conditioning Inc. It is a safe community with low crime rates and plenty of recreational activities for its residents to enjoy as well. However, some may find that living in a smaller city can be more limiting when it comes to cultural activities and nightlife options.
Templeton has an unemployment rate of 3.1%. The US average is 6.0%.
Templeton has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 21.2%, which is lower than the US average of 33.5%.
Tax Rates for Templeton
- The Sales Tax Rate for Templeton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Templeton 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 Templeton
- The average income of a Templeton resident is $26,594 a year. The US average is $28,555 a year.
- The Median household income of a Templeton resident is $67,143 a year. The US average is $69,021 a year.