West Point, IA is a small city with a population of about 3,000 people. The city offers its citizens an affordable cost of living with rent for a two-bedroom apartment estimated at $840 per month compared to the national average of $1,430. Additionally, the grocery cost index in West Point is 97 versus 100 in the US. Local companies in West Point include Iowa Western Community College, Kapp’s Tractor & Equipment Inc., Orchard Hill Farms, and Kneip’s Meats. All in all, West Point has an overall cost of living that is lower than the US average and is home to several local businesses.
West Point has an unemployment rate of 5.7%. The US average is 6.0%.
West Point has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 2.4%, which is lower than the US average of 33.5%.
Tax Rates for West Point
- The Sales Tax Rate for West Point is 7.0%. The US average is 7.3%.
- The Income Tax Rate for West Point 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 West Point
- The average income of a West Point resident is $26,114 a year. The US average is $28,555 a year.
- The Median household income of a West Point resident is $52,689 a year. The US average is $69,021 a year.