Collins, IA Economy


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Collins, IA is a small town located in Iowa and it has great amenities for its residents. It has an affordable 2 bedroom rent of $1,010 compared to the US average of $1,430. The Grocery Cost Index in Collins is also lower than the average at 96 versus 100 in the US. For entertainment, there are some popular local attractions such as Johnny’s Amusement Park and the Des Moines Art Fest. Shopping opportunities include Collins Plaza Mall, Walmart Supercenter, and Menards. There are also some great local businesses like Collins Family Restaurant and Sweetbriar Pub & Grille that serve delicious meals.

Collins has an unemployment rate of 3.0%. The US average is 6.0%.

Collins has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Collins
- The Sales Tax Rate for Collins is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Collins is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Collins
- The average income of a Collins resident is $20,795 a year. The US average is $28,555 a year.
- The Median household income of a Collins resident is $65,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCollins, IowaUnited States
  36
  -5.8%-6.2%
  32.5%33.5%
  7.0%6.2%
  7.4%4.6%
  $33,995$37,638
  $65,417$69,021
  $67,813$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.1%6.8%
  12.3%10.0%
  1.7%2.5%
  6.8%11.0%
  6.8%4.8%
  0.0%0.8%
  7.6%1.9%
  5.1%4.7%
  1.3%1.9%
  0.8%7.6%
  0.0%0.1%
  4.2%4.2%
  10.6%9.3%
  28.8%14.0%
  2.1%2.1%
  0.4%7.0%
  3.4%4.8%
  3.0%4.7%
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