Truro, IA is a small town located in the heart of Iowa. It is home to just over 1,000 residents who enjoy the rural setting and peaceful atmosphere that Truro has to offer. The cost of living in Truro is significantly lower than the national average with two bedroom apartment rentals only costing $970 while the US average is around $1,430. Additionally, groceries are also cheaper in Truro with its grocery cost index at 95 compared to 100 for the US as whole. Residents of Truro can find employment at local companies such as Hy-Vee, Kum & Go, and Bassett Creek Bank.
Truro has an unemployment rate of 5.0%. The US average is 6.0%.
Truro has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Truro
- The Sales Tax Rate for Truro is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Truro 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 Truro
- The average income of a Truro resident is $18,072 a year. The US average is $28,555 a year.
- The Median household income of a Truro resident is $60,000 a year. The US average is $69,021 a year.