Des Moines, MN is a great city to live in for many reasons. It offers an affordable rent rate of $840 per month for two bedroom apartments, which is much less than the US average of $1,430. The grocery cost index in Des Moines is also more affordable than other locations across the country at 96 versus 100. In addition to its affordability, there are many local businesses that make Des Moines unique. Companies such as Wells Fargo, Nationwide Insurance, and Hy-Vee all call Des Moines home. There are also several tech startups such as Dwolla and Businessolver that create a lively atmosphere in the area. With its affordability and bustling business atmosphere, Des Moines is an ideal place to settle down.
Des Moines has an unemployment rate of 4.3%. The US average is 6.0%.
Des Moines has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Des Moines
- The Sales Tax Rate for Des Moines is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Des Moines is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Des Moines
- The average income of a Des Moines resident is $31,850 a year. The US average is $28,555 a year.
- The Median household income of a Des Moines resident is $75,417 a year. The US average is $69,021 a year.