Terril, IA is a small town with a population of only 500 people. Despite its size, Terril has plenty of amenities and businesses to offer its residents. There are several local building supply and furniture stores such as McKimmey's Building Supply, Joe's Furniture, and Johnson's Carpentry that provide residents the materials they need for home improvement projects or furnishing their homes. Other businesses in the area include The Corner Store which offers groceries, Anderson's Bakery for baked goods, and Geisler Automotive for car repairs. Additionally, Terril’s cost of living is significantly lower than the national average; rent is much cheaper at $960 for a two bedroom compared to the US average of $1,430, while grocery costs are also low with an index rating of 92 compared to 100 in the US. All these amenities make Terril an ideal location to call home.
Terril has an unemployment rate of 4.9%. The US average is 6.0%.
Terril has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Terril
- The Sales Tax Rate for Terril is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Terril 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 Terril
- The average income of a Terril resident is $23,998 a year. The US average is $37,638 a year.
- The Median household income of a Terril resident is $39,000 a year. The US average is $69,021 a year.