Williamsburg, IA is a small town with an estimated population of 2,740 people. Despite its size, it offers a fairly affordable cost of living compared to the rest of the United States. Rent for a two-bedroom apartment in Williamsburg costs $790 per month versus $1,430 nation-wide. Additionally, groceries in Williamsburg are more affordable than they are averagely; the grocery cost index is 97 versus 100 in the US.
Williamsburg is home to several local businesses such as Country Inn & Suites By Radisson, Holiday Inn Express & Suites Cedar Rapids North and Hupy and Abraham Law Firm. The town also boasts shops such as A Blonderful Life Gifts & More and Rosemary's Boutique. Other attractions include Hawkeye Wildlife Area and Linn County Conservation Center where one can enjoy outdoor activities such as hiking and fishing.
Williamsburg has an unemployment rate of 4.5%. The US average is 6.0%.
Williamsburg has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Williamsburg
- The Sales Tax Rate for Williamsburg is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Williamsburg 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 Williamsburg
- The average income of a Williamsburg resident is $24,142 a year. The US average is $28,555 a year.
- The Median household income of a Williamsburg resident is $72,083 a year. The US average is $69,021 a year.