Iosco, MN is a small town with plenty of local charm. It offers an affordable cost of living with two bedroom rent at only $880 compared to the national average of $1,430. The grocery cost index is also lower than the national average at 96 versus 100 in the US. As for local amenities and attractions, Iosco has many small businesses that cater to its community such as Anderson's Hardware store, Lakeside Tavern, and Hillside Jewelers. Those seeking outdoor recreation can take advantage of nearby recreational areas like Big Cut Foot Lake or Greenwood State Park where they can enjoy trails for hiking and biking. Iosco also hosts various events throughout the year, including the annual 4th of July celebration and parade.
Iosco has an unemployment rate of 6.0%. The US average is 6.0%.
Iosco has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Iosco
- The Sales Tax Rate for Iosco is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Iosco 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 Iosco
- The average income of a Iosco resident is $33,021 a year. The US average is $28,555 a year.
- The Median household income of a Iosco resident is $95,625 a year. The US average is $69,021 a year.