Traer, IA is a great place to live with affordable housing and cost of living. The average two bedroom rental rate in Traer is $980, which is well below the US average of $1,430. Additionally, the Grocery Cost Index in Traer is 95 versus 100 in the US meaning groceries are much more affordable here than other parts of the country. The town also offers a range of amenities for its residents. There are many local companies such as Traer Bakery and Roling Automotive that offer goods and services to locals. There are also a number of attractions like Gifford Farm Education Center and Wapsi River Winery for entertainment options.
Traer has an unemployment rate of 5.4%. The US average is 6.0%.
Traer has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Traer
- The Sales Tax Rate for Traer is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Traer 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 Traer
- The average income of a Traer resident is $25,117 a year. The US average is $28,555 a year.
- The Median household income of a Traer resident is $65,515 a year. The US average is $69,021 a year.