Thor, IA is a small town with many local businesses that give it a unique charm. The cost of living in Thor, IA is much more affordable than the US in general: 2 bedroom rent in Thor is $700 compared to $1,430 across the US; while grocery cost index is 93 versus 100 in the US. Local companies in Thor include Anderson Automotive, Hartigan Builders, and Iowa Home Improvement. These small businesses provide quality services to the citizens of Thor that are beneficial to their overall cost of living. With its affordable housing and low grocery costs, Thor offers an attractive option for those looking for an affordable place to live.
Thor has an unemployment rate of 3.9%. The US average is 6.0%.
Thor has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Thor
- The Sales Tax Rate for Thor is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Thor 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 Thor
- The average income of a Thor resident is $20,130 a year. The US average is $28,555 a year.
- The Median household income of a Thor resident is $57,969 a year. The US average is $69,021 a year.