Hastings, IA is a great place to call home. It's cost of living is much lower than the US average, with a 2 bedroom rent only coming in at $1,190 compared to $1,430 for the US. Grocery costs also come in lower at 94 on the index versus 100 for the US. Hastings has plenty of local companies and resources to take advantage of including Hastings Manufacturing Company which produces precision mechanical components, Volga River Railcar Services which is a railroad repair facility, and Heartland Farms which is an organic produce farm. With its economical living costs and plentiful resources Hastings makes it easy to make it your home.
Hastings has an unemployment rate of 3.5%. The US average is 6.0%.
Hastings has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Hastings
- The Sales Tax Rate for Hastings is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hastings 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 Hastings
- The average income of a Hastings resident is $20,515 a year. The US average is $37,638 a year.
- The Median household income of a Hastings resident is $60,000 a year. The US average is $69,021 a year.