Iowa, KS is a small town with an estimated population of 2,000 people. It is located in the northeastern corner of Kansas and is known for its rural charm. The cost of living is quite low in Iowa, KS, with 2 Bedroom rent coming in at $790 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Iowa, KS is 92 compared to 100 in the US. As such, many people are drawn to this small town to take advantage of its lower prices and peaceful atmosphere.
Local companies that contribute to the economy include G&G Auto Parts & Service Center and Shiloh Farms. G&G Auto Parts & Service Center offers auto repairs and sales while Shiloh Farms provides organic produce and dairy products from local farmers. These businesses are integral to the community as they provide quality goods and services while also supporting local farmers.
Iowa has an unemployment rate of 3.2%. The US average is 6.0%.
Iowa has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.2%, which is lower than the US average of 33.5%.
Tax Rates for Iowa
- The Sales Tax Rate for Iowa is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Iowa is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iowa
- The average income of a Iowa resident is $17,110 a year. The US average is $28,555 a year.
- The Median household income of a Iowa resident is $60,250 a year. The US average is $69,021 a year.