Iota Flat, ND is a small rural town with many local businesses that attract visitors from all over the region. The rent for a two-bedroom apartment in Iota Flat is $850, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Iota Flat is 95 compared to the US index of 100. Some well known companies in the city are Iota Motors, Iota Dairy Farm, and Iota Food Co-op. Residents can also take advantage of its beautiful natural scenery with a variety of parks and nature trails nearby. All these attractions make Iota Flat one of the best places to live for those looking for an affordable lifestyle with plenty of recreation options available.
Iota Flat has an unemployment rate of 6.0%. The US average is 6.0%.
Iota Flat has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.
Tax Rates for Iota Flat
- The Sales Tax Rate for Iota Flat is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Iota Flat is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iota Flat
- The average income of a Iota Flat resident is $43,774 a year. The US average is $28,555 a year.
- The Median household income of a Iota Flat resident is $171,875 a year. The US average is $69,021 a year.