Thornburg, IA is a small town with plenty to offer its residents. It is conveniently located near major highways and transportation systems for easy access to all the great amenities the city has to offer. Two bedroom rent in Thornburg, IA is relatively low at $630 compared to the US average of $1,430 which makes it an appealing place for those looking for an affordable place to live. There are several local businesses in Thornburg including Doe's Auto Shop, Smith's Grocery Store, and Jones Hardware Store. The grocery cost index in Thornburg is also lower than the US average making it an attractive option for those looking for a more affordable lifestyle. Overall, Thornburg offers an attractive cost of living and plenty of opportunities for residents to save money.
Thornburg has an unemployment rate of 4.8%. The US average is 6.0%.
Thornburg has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 16.1%, which is lower than the US average of 33.5%.
Tax Rates for Thornburg
- The Sales Tax Rate for Thornburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Thornburg 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 Thornburg
- The average income of a Thornburg resident is $22,654 a year. The US average is $28,555 a year.
- The Median household income of a Thornburg resident is $38,750 a year. The US average is $69,021 a year.