Iowa Colony, TX is a small, vibrant city located in the Brazoria County. It offers a quality and comfortable living for its residents with its pleasant climate all year round. The cost of living in Iowa Colony is quite affordable, as the median 2 bedroom rent is $1,060 per month which is significantly lower than the national average of $1,430. Similarly, the Grocery Cost Index in Iowa Colony is 98 versus 100 in the US, making groceries more economical here than elsewhere.
The economy of Iowa Colony largely depends on the petrochemical industry and local businesses like Patillo’s BBQ & Catering Inc., All Star Exteriors LLC, and J&J Services LLC are some of the notable names with good repute around the city. Other than that, there are many recreational activities for visitors such as fishing at Oyster Creek Park or Bayou Vista Golf Course which provides one of the best golfing experiences in Texas. Henceforth this place has become one of the most desirable residential locations in recent years.
Iowa Colony has an unemployment rate of 8.4%. The US average is 6.0%.
Iowa Colony has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Iowa Colony
- The Sales Tax Rate for Iowa Colony is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Iowa Colony is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Iowa Colony
- The average income of a Iowa Colony resident is $27,914 a year. The US average is $28,555 a year.
- The Median household income of a Iowa Colony resident is $93,732 a year. The US average is $69,021 a year.