Vail, IA is a small town located in Iowa, with a population of approximately 500 people. The city is known for its pleasant and picturesque landscape. It is also known for its affordable living cost, with the average 2 bedroom rent being $780 compared to the US average of $1,430. Grocery cost index in Vail, IA is 93 versus 100 in the US. \nThe local economy in Vail is primarily based on agriculture and tourism. Major companies that operate out of Vail include Anderson Farms Inc., Vail Tractor & Implement Co., and Riehle Feed & Grain Co. These companies offer services such as farming supplies and feed production. Additionally, there are several small businesses within the town such as cafes and retail shops that contribute to the local economy.
Vail has an unemployment rate of 5.8%. The US average is 6.0%.
Vail has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 7.4%, which is lower than the US average of 33.5%.
Tax Rates for Vail
- The Sales Tax Rate for Vail is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Vail 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 Vail
- The average income of a Vail resident is $19,814 a year. The US average is $28,555 a year.
- The Median household income of a Vail resident is $50,852 a year. The US average is $69,021 a year.