Watkins, IA is a small town with a population of around 595 people. The cost of living in Watkins is significantly lower than the national average. Rent for a two bedroom apartment is only $840, and the grocery cost index is 97 versus 100 in the US. Notable local companies in Watkins include Headley Construction, Williams Farms Inc., Martin Feed & Supply Inc., and Pomerenke Grain Co. All of these businesses provide jobs to the local community as well as contributing to the economic vibrancy of the area.
Watkins has an unemployment rate of 5.0%. The US average is 6.0%.
Watkins has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Watkins
- The Sales Tax Rate for Watkins is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Watkins 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 Watkins
- The average income of a Watkins resident is $21,265 a year. The US average is $28,555 a year.
- The Median household income of a Watkins resident is $32,841 a year. The US average is $69,021 a year.