Whiting, IA is a small town located in the northwestern part of Iowa. It has a population of less than 2,000 people and offers an affordable cost of living. The average two bedroom rent in Whiting is $910 compared to the US average of $1,430, which makes it much more attainable for those on a budget. Additionally, the grocery cost index in Whiting is 93 compared to 100 nationally. This means that food costs are relatively low when compared to other towns and cities across the US.
Local companies in Whiting include Trever Hill Farms, which produces organic fruits and vegetables; Bohemian Knoll Brewing Co., which offers craft beer; and Casey’s General Store, an iconic convenience store chain. All these businesses contribute to making Whiting an affordable place to live while also providing fun activities for residents.
Whiting’s low cost of living is due largely to its small size and lack of economic activity. As such, many everyday costs are much lower than in larger cities or towns with higher populations. Rent prices are especially competitive as there is less competition among tenants for available housing offerings. Similarly, groceries tend to be cheaper because there are fewer large supermarket chains operating in the area.
Whiting has an unemployment rate of 5.1%. The US average is 6.0%.
Whiting has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Whiting
- The Sales Tax Rate for Whiting is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Whiting 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 Whiting
- The average income of a Whiting resident is $21,091 a year. The US average is $28,555 a year.
- The Median household income of a Whiting resident is $57,375 a year. The US average is $69,021 a year.