Altoona, IA is a great option for those looking to save money on rent and groceries. The median two bedroom rent of $1,120 in Altoona, IA is significantly lower than the US average of $1,430. Additionally, Altoona's Grocery Cost Index of 99 compared to the US average of 100 shows that food items are also more affordable here.
The city has many local businesses with something to offer everyone. Popular stores include Altoona Pharmacy, Shopko Hometown, Hy-Vee Grocery Store and Ace Hardware. There are also several dining options in town such as Applebee's, China Wok and Cowboy Chicken which all offer delicious meals for reasonable prices.
Altoona has an unemployment rate of 4.6%. The US average is 6.0%.
Altoona has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Altoona
- The Sales Tax Rate for Altoona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Altoona 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 Altoona
- The average income of a Altoona resident is $30,945 a year. The US average is $28,555 a year.
- The Median household income of a Altoona resident is $83,514 a year. The US average is $69,021 a year.