Rainbow City, AZ is a small town located in the Southwest with a population of just under 3,000 people. It offers affordable housing compared to other parts of the United States with an average two-bedroom rent of $1,050 and a Grocery Cost Index of 92 versus 100 in the US. The city is home to several local businesses such as Great Southwest Bank, Rainbow City Dental Care and Rainbow City Pharmacy. It also boasts many unique restaurants, shops and entertainment venues for locals and visitors alike. With its low cost of living and friendly atmosphere, Rainbow City is an ideal place to live or visit.
Rainbow City has an unemployment rate of 8.7%. The US average is 6.0%.
Rainbow City has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Rainbow City
- The Sales Tax Rate for Rainbow City is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Rainbow City is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rainbow City
- The average income of a Rainbow City resident is $8,764 a year. The US average is $28,555 a year.
- The Median household income of a Rainbow City resident is $24,545 a year. The US average is $69,021 a year.