Wadena, IA is a great small town located in Iowa. It has a population of about 1,000 people and is known for its close-knit community. The cost of living in Wadena is quite reasonable with the 2 Bedroom Rent costing only $770 compared to the US average of $1,430. In addition to affordable rent, groceries are also relatively cheaper with an Index score of 93 versus 100 in the US.
In terms of economic activity, Wadena’s main industries are agriculture and manufacturing. Its local companies include J&P Meats, Blum’s Hardware & Furniture, Wayward Wind Farm and Graham Veterinary Services. For leisure activities people can visit Twin Oaks Golf Course, Wadena Aquatic Park or take part in the annual Summerfest celebration.
Wadena has an unemployment rate of 5.1%. The US average is 6.0%.
Wadena has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Wadena
- The Sales Tax Rate for Wadena is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wadena 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 Wadena
- The average income of a Wadena resident is $16,044 a year. The US average is $28,555 a year.
- The Median household income of a Wadena resident is $47,500 a year. The US average is $69,021 a year.